Capital Home Mortgage Abilene

Abilene One Time Close Home Loans

Abilene One Time Close Mortgage Lender

Abilene Renovation Home Loans

Those looking to buy or sell a home in Abilene can benefit from a home renovation loan. Also referred to as a rehab or home improvement loan, renovation loans give buyers the freedom to buy a house and alter it to their liking. They also allow sellers to avoid the additional expense of repairing their homes before listing them for sale.

Are you interested in a home renovation loan but unsure of your borrowing options? Let’s discuss how home improvement loans work, the types of projects you can use them for, and how to get them.

What is a Rehab Loan?

You can use a rehab loan to finance various home improvement projects. It’s not a type of loan per se but the purpose for which borrowers plan to use the funds from the loan.

A rehab or home renovation loan can help you pay for any significant home improvement project you want/need to tackle. You can use one to pay for anything from purchasing and renovating a fixer-upper to a simple room makeover. These funds can also be used to pay for necessities that improve your quality of life, such as repairing a leaking roof or replacing an outdated HVAC or plumbing system.

Home Renovation Loan Options in Abilene, TX

Transform an older home into your dream home with structural and cosmetic improvements. These home renovation loan programs will help you get more for your money when purchasing a home:

     1) FHA Rehab Loans

FHA rehabilitation loans, also known as 203(k) loans, are designed for homebuyers who wish to acquire and renovate homes requiring substantial work. This FHA-backed loan considers the property’s after-improvement value and funds the renovation costs as part of your primary mortgage.

The FHA 203K Standard can be used to finance both significant home repairs and aesthetic upgrades.

The FHA 203K Limited is a downsized version of the FHA 203K Standard. It is less difficult to obtain, but it only covers non-structural repairs and is capped at $35,000.

     2. Freddie Mac CHOICERenovation Loan

Freddie Mac’s CHOICERenovation® loan is a conventional loan program that lets you finance the purchase of a home and the cost of renovations with a low down payment.

     3. Fannie Mae HomeStyle Loan

Qualified borrowers can buy or refinance a home and pay for necessary repairs with the help of the Fannie Mae HomeStyle® Renovation loan. This option only requires a 3% down payment from first-time buyers.

     4. Home Equity Loan

If you need money to pay for renovations to your home, a home equity loan is another viable option. It is also known as a second mortgage. Simply put, a home equity loan allows you to use the equity you’ve built up in your home as collateral for a new loan without having to refinance your existing mortgage.

     5. Personal Loans

A personal loan can finance almost any expense, including home improvements. Because it is an unsecured debt, its repayment is not contingent on the value of your home, which is advantageous for homeowners. 

If you have a credit score of 650 or higher, a personal loan may be the best option for you, but you may be subject to higher interest rates and shorter repayment terms.

When is a Rehab Loan the Right Choice?

Under the following circumstances, a rehab loan may be your best option:

  • You are looking into various home improvement options.
  • You wish to renovate a room or section of your current home or the home you intend to buy.
  • You want to remodel your home to accommodate your lifestyle or your family’s needs.
  • You want to add more rooms to your house. 

Ready to Begin Your Abilene Home Renovation Loan?

Capital Home Mortgage will gladly help you find the right renovation loan for your needs if you’re interested in purchasing a fixer-upper. We are a full-service mortgage company that offers a comprehensive range of mortgage products, from conventional and government-backed loans to the renovation loans mentioned above.

As a direct mortgage lender in Abilene, TX, we have complete control over the entire process, from application to closing. We are committed to making home loans a much easier and more enjoyable experience for our clients!

We’ve built a solid reputation for assisting Abilene homebuyers and homeowners in obtaining home loans that meet their needs, and we’re eager to put our expertise to work for you. For more information on our Abilene renovation loans, please get in touch with one of our home loan experts at (325) 387-8387.

Why Abilene HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Abilene Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Abilene One Time Close Construction Home Loans

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage
Texas Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Texas renovation home loans

Looking to Rehab a Texas Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Texas FHA Home Loans

Great for 1st Time Texas Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Texas VA Home Loans

100% Financing for Texas Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Texas Conventional Home Loans

Flexibility for Texas Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Texas Jumbo Home Loans

Texas Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Texas USDA Home Loans

100% Rural Texas Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Texas Native American Home Loans

Texas HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Texas Manufactured Home Loans

Great Alternative Texas Housing

Texas reverse mortgages

Your Texas Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Texas Non QM Home Loans

Making Texas Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Texas One Time Close mortgages

Build Your Texas Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Texas Refinance Mortgage Loans

Texas Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Texas Cash-out Home mortgages

Texas Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Abilene Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Native American Lending
Manufactured Housing

Abilene Mortgage Company Reviews

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