Capital Home Mortgage Amarillo

Amarillo Reverse Mortgage Loans

Amarillo Reverse Mortgage Lender

Amarillo Reverse Mortgage

As a homeowner, your property is likely one of the most significant investments in your name. But if you needed to make some money off that investment, you’d need to sell the house. 

But why leave your home or sell something you’ve invested so much time and money in? You can enjoy an investment with a reverse mortgage without giving up on this long-term commitment.

Reverse Mortgage in Amarillo

The idea of a reverse mortgage is to take the value of your home and turn it into cash. You can use your money to supplement your retirement income, pay debts, and cover unexpected medical expenses. There is no need to make monthly payments on the loan.

Are you considering applying for a reverse mortgage in Amarillo? Capital Home Mortgage is here to help! We’re a direct lender, meaning we can offer you the best possible terms on your loan. We’ll make sure you get the cash you need when you need it. Here’s all you need to know about our reverse mortgages in Amarillo.

Types of Amarillo Reverse Mortgage

Reverse mortgages come in various forms, but you must pick the one that best meets your needs. Here are the most common Amarillo reverse mortgage programs you should know:

  • Single-Purpose Reverse Mortgage

As the name suggests, you can only use the single-purpose reverse mortgage for a single purpose approved by the lender. While this is the most basic and straightforward program, it is the least popular of all available products because it has a limited purpose. However, being the least expensive among the other programs, if you need extra cash for home maintenance or property taxes, this product could be right up your alley!

  • HECM Reverse Mortgage

In contrast to the single-purpose reverse mortgage, the Home Equity Conversion Mortgage (HECM) is the most popular type of reverse mortgage. It is government-backed and requires no fund usage restrictions, so you can enjoy low-interest rates depending on your age and how long you are expected to live in your home.

  • Proprietary Reverse Mortgage

Also considered a jumbo reverse mortgage, a proprietary reverse mortgage is a private loan not backed by the government. It doesn’t have any limits set by the Federal Housing Administration, so it will work better if you live in high-cost areas or your home’s value exceeds $970,800.

Amarillo Reverse Mortgage Loan Requirements

Get the most value out of your house and keep your financial security with a reverse mortgage. However, to qualify for one, you must first meet two criteria:

  1. You must be 62 years old or older. Remember that a reverse mortgage is typically a loan taken out by seniors to supplement their retirement income.
  2. You must possess significant home equity. Paying off your mortgage before applying will probably make more sense.

If you’re getting a home equity line of credit, you must first undergo counseling from a HUD-certified counselor. At Capital Home Mortgage, we have counselors who can help you with the application process and aid you in comprehending how a reverse mortgage works in Amarillo.

Apply for an Amarillo Reverse Mortgage

Capital Home Mortgage can make your mortgage application process as easy as possible. We’re a direct lender, so you need not worry about going through brokers or third-party companies.

To apply for a reverse mortgage in Amarillo, call us at (806) 589-3428 today! We look forward to helping you secure the financial future you deserve!

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 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 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

Amarillo Texas 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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