Capital Home Mortgage Abilene

Abilene Reverse Mortgage Loans

Abilene Reverse Mortgage Lender

Abilene Reverse Mortgages

Many Americans reach retirement age without sufficient savings to cover rising health care and living expenses. Seniors who own their homes or have paid off their mortgages may find reverse mortgages a convenient way to access the funds they need to live more comfortably during their golden years.

Getting to Know Reverse Mortgages

Abilene homeowners 62 and older who have paid off their mortgage may qualify for a reverse mortgage and use the proceeds as tax-free income. With a reverse mortgage, the lender makes payments to the homeowner, unlike the usual situation where the homeowner pays the lender.

Homeowners who choose this mortgage do not have to make monthly payments or sell their homes. However, the loan must be repaid when the borrower dies, moves out, or decides to sell the house.

One of the most popular types of reverse mortgages is the Home Equity Conversion Mortgage (HECM), which the federal government backs.

Types of Reverse Mortgages

Reverse Mortgages come in three different types. They are as follows:

  • Home Equity Conversion Mortgage (HECM)

The most common type of reverse mortgage is the HECM, obtained through FHA-approved lenders. They are guaranteed by the U.S. Department of Housing and Urban Development (HUD) for up to $9,708,000 in 2022, and the funds from the loan can be utilized for virtually anything. 

If the value of your home exceeds $970800, however, you may want to consider a proprietary loan, also known as a jumbo reverse mortgage.

  • Single-Purpose Reverse Mortgage

A single-purpose reverse mortgage is the least expensive option, but they differ from standard HECM loans because they can only be used for a single, lender-approved purpose. For instance, the lender may stipulate that the loan can only be used for home improvements, property taxes, or insurance premiums. 

The government and non-profit organizations offer these loans to low-and-moderate-income homeowners, but they aren’t always readily available.

  • Proprietary Reverse Mortgage

Private lenders issue proprietary reverse mortgages. You may need this type of loan if the value of your home exceeds a certain threshold. Remember that borrowers are not afforded the same protections with a proprietary reverse mortgage because the federal government does not guarantee it.

The Pros And Cons of Getting a Reverse Mortgage

Like any major financial decision, weighing the benefits and drawbacks of a reverse mortgage is crucial to determine whether it is the best one for you. Here are some examples to help you get started.


  • You get to keep your home, and your name stays on the title.
  • You can tap into your home’s equity without selling it or making mortgage payments.
  • Because reverse mortgages are non-recourse loans, they are protected from falling home values.
  • After your passing, your spouse may be able to stay in the house even if they are not the borrower.


  • A reverse mortgage will eat away at your home’s equity.
  • Your loan balance will grow if you do not pay the interest over time.
  • If you don’t opt to receive the proceeds in monthly payments for the duration of the loan, you may end up outliving the benefits of your mortgage.
  • If you have a reverse mortgage, your heirs may have more difficulty accessing your home’s equity after you pass away.

Keep in mind that, just like with any other type of loan, reverse mortgages are rife with fraud. Avoid mortgage scams by working with an established company like Capital Home Mortgage. 

Are You Considering a Reverse Mortgage?

A reverse mortgage can significantly help Abilene homeowners looking for additional income during their retirement years. Still, it can dramatically impact your finances, so weigh the pros and cons properly. Depending on the equity you have in your home, you may also want to consider a HELOC or a mortgage refinance as possible alternatives to a reverse mortgage.

Whether you choose a reverse mortgage or the alternative loan options, Capital Home Mortgage can help you get the funds you need to supplement your retirement income. We are a direct Texas mortgage lender, giving you access to the best interest rates and lowest fees in the state.

Please call us at (325) 387-8387 if you need more information or have questions about any mortgage products we offer. Our home loan specialists are just a call away!

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 REverse Home Loans

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.

  • Purchase & Refinance
  • Primary Only
  • 62 Years or Older
  • Required Hud Counseling
  • Homeowners Insurance Required
  • Must Continue to Pay Taxes
  • Meet Required Equity Values
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 Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325

Abilene Mortgage Company Reviews

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