Capital Home Mortgage Amarillo

Amarillo USDA Home Loans

Amarillo USDA Mortgage Lender

Amarillo USDA Home Loans

If you’re looking for a passport to find permanent habitation in one of the exotic areas in Amarillo, you’re in luck. USDA Guaranteed Home Loans can be your key to a brand new home to call your own in one of the many nearby beautiful rural areas. 

This program is sponsored by the United States Department of Agriculture and provides guaranteed financing, meaning there’s no need to remit a down payment. Additionally, the USDA can offer low-interest rates, monthly payments, and various repayment options.

Amarillo USDA Guaranteed Home Loans are available to anyone purchasing a home in an eligible rural area. If you’re unsure whether your place is suitable, you can speak to our Home Loan Specialists at Capital Home Mortgage. We can help you know whether you qualify and guide you through the process.

USDA Home Loan Requirements

While USDA home loans offer several benefits, they are not for everyone, as there are a few requirements you’ll need to meet before you’re eligible. They also come with more terms and conditions than other types of mortgages with their 100% financing nature.

A credit score of at least 640 and an income limit based on the area median income or AMI can help approve your loan.

Borrower Eligibility

As a borrower, you can only be eligible for a USDA home loan provided you meet the following requirements:

  • You agree to reside in your chosen property permanently, which means you must make it your primary residence.
  • You’re a U.S. citizen, qualified alien, or non-citizen national.
  • You have a household income not exceeding 115% of your area’s median household income.

Additionally, it’s essential to manifest your incapacity to acquire a conventional loan without mortgage insurance, and you must not be prohibited from joining any federal program like USDA loan programs.

Property Eligibility

Remember that not every area in the U.S. is USDA eligible, so it’s crucial to check your location before beginning the loan application process. You can use the USDA Eligibility Map to see if your chosen area qualifies.

The USDA has designated certain areas of the country as appropriate for rural properties. If you want to purchase a home in one of these zones, your property must meet U.S. Housing and Development standards. Multi-person living spaces can’t be apartments. The USDA only allows single-family dwelling units.

Limitations & Restrictions of a USDA Loan

Like other types of financing, USDA home loans have certain restrictions and limitations. In particular, this type of loan has two rules:

  1. It is only available at 30-year fixed rates. With this loan, you can’t enjoy the perks of a shorter loan term or an adjustable-rate mortgage.
  2. It only offers 100% funding based on the appraised value of the property rather than its purchase price. This financing makes buying more expensive up front if not enough equity has been built yet.

In addition, while you can use your loan proceeds towards anything you want, there are limits on their use, which are only limited to:

  • buying essential household equipment
  • purchasing a new or existing house as your permanent residence
  • construction site preparation costs
  • existing dwelling repairs
  • refinancing

Apply for a USDA Home Loan in Amarillo

As a direct mortgage lender and servicer, Capital Home Mortgage offers flexible home financing products and services to anyone in Amarillo looking to purchase a home. We’ll work with you to obtain your USDA home loan and assist you through the process.

Contact us today at (806) 589-3428 to start your 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 USDA Mortgage 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.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only
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

Jordan Mowrey

SR Loan Officer
NMLS 210325

Amarillo Mortgage Company Reviews

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