Capital Home Mortgage Amarillo

Amarillo Jumbo Home Loans

Amarillo Jumbo Mortgage Lender

Amarillo Jumbo Home Loans

If you want to own high-end, luxury properties in Amarillo, a conventional mortgage loan will not cut it. Instead, you’ll need to obtain a Jumbo home loan. This loan is so named because the amount you can borrow is higher than the conforming loan limits in the area. 

Capital Home Mortgage offers Jumbo loans in Amarillo. We invite you to contact our Amarillo mortgage loan officers to know if you need this unique mortgage product. 

Qualifying for a Jumbo Loan

Jumbo loans are stricter than conventional loans because Fannie Mae and Freddie Mac don’t guarantee these loans. Lenders offering jumbo loans tighten up the requirements because of the risk involved in giving jumbo loans. Because if the borrower defaults, the lender will shoulder the loss.

  • Minimum Credit Score

The minimum score of a jumbo loan applicant must be at least 700 to qualify for a jumbo loan. We don’t guarantee approval if you have that score. If your credit score is low, it can mean a lot of things. Get a copy of your credit report before applying to know if there are issues with your credit score.

  • Down Payment

The standard down payment in conforming loans is 20% if you want to skip mortgage insurance. But with jumbo loans, the down payment varies depending on the applicant’s financial condition. It can be 20% or go as low as 10%. The amount of down payment varies depending on the borrower’s credit history and the lender’s assessment.

  • Credit History

Lenders would want to see how you honor past debts. They’ll review your credit history and check for late payments, including penalties and surcharges. However, even if you pay on time, you’re still not out of the woods because more factors are involved in assessing creditworthiness, such as reviewing the credit utilization rate.

  • Asset & Reserves

Since jumbo loans are risky for lenders, asset reserves can reduce lending risk if you show that you’re liquid enough. We might require you to provide bank statements and other documents showing ownership of these assets.

Jumbo Loans vs. Conforming Loans

The conforming loan limits in Amarillo are from $420,680 to $809,150. For example, the limit of a four-plex is $809,150. If the price of the house you want is beyond that limit, you need to apply for a jumbo loan. A conforming loan is a mortgage within limits set by the Federal Housing Finance Agency or FHFA. 

Limits change per year, so next year’s limitations might increase if the trend goes upward. You might want to delay purchasing a house this year if next year’s limit exceeds the price of the home you want to buy. That way, you can apply for a conforming loan rather than a jumbo loan.

Apply for a Jumbo Loan in Amarillo Today

At Capital Home Mortgage, we aim to deliver a one-of-a-kind home-buying experience. Contact our Amarillo loan officers at (806) 589-3428 to start your Jumbo loan application.

Why Amarillo 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

Amarillo 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

Amarillo Jumbo Home 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 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

Amarillo Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Amarillo Mortgage Company Reviews

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