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Mortgage Lender AUSTIN Texas

Home Loans In Austin, Texas

Are you looking to buy a home in Austin? With prices ticking down and rates still low, now would be a good time to start shopping for a new house.  Homeownership has many life-enhancing benefits – building equity, annual income tax deductions, and – of course – having a home of your own. But since it’s such a huge investment that can significantly impact your financial future, you need to think the decision through and weigh all your mortgage options carefully – especially if it’s your first time purchasing a home. 

Tips For First-Time Homebuyers In Austin 

Buying your first home is such an exciting time in your life. However, the sheer number of choices you will face can be disorienting. With complete information available on the internet about buying a property, you could easily spend an entire day researching and still think, “Where do I even begin?” Real properties are always a worthwhile investment, but you must ensure that purchasing a new home does not jeopardize your future financial goals. These tips will help you start your homeownership journey on the right foot:
  • Know What You Can Afford

Before you become emotionally attached to a lovely home, examine your budget first and then decide the maximum amount you can afford to pay for a property. Ensure that your monthly housing costs (including HOA dues, taxes, and insurance) do not exceed 36% of your monthly gross earnings. To determine the best fit for your budget, you can use our mortgage calculator to experiment with different mortgage amounts, interest rates, and down payments.
  • Secure The Down Payment

If purchasing the property in cash is impossible, save for a down payment of at least 10%–20% or more. A 20% down payment eliminates the need to pay private mortgage insurance (PMI), which protects the mortgage company if you default on your payments and face foreclosure. PMI typically costs 1% of the whole loan amount, and you will be charged that 1% annually, resulting in a significant increase to your monthly mortgage payment. If you’re in dire need of purchasing a home but don’t have enough money saved up for the upfront costs, you may want to check if you qualify for a down payment assistance program or government-backed loans like the VA loan or FHA loan. FHA loans require a 3.5% down payment, whereas a conventional loan requires a 5% down. VA and USDA loans are the only home loan programs that don’t need a down payment.
  • Save For The Closing Costs

You’ll also need to pay closing costs and down payment. Closing expenses typically range between 3 and 4 percent of the purchase price of your home. Your lender will provide you with a specific amount to know how much to bring on closing day.  The closing costs cover fees that are critical to the home-buying process, including the following: 
  1. Origination Fee
  2. Appraisal Report Fee
  3. Credit Report
  4. Attorney Fees
  5. Document Preparation Fee
  6. Property Survey
  7. Transfer and Recording Fees
  • Get Pre-Approved For A Home Loan

Once you’ve saved enough money to cover closing costs and a new home’s down payment, you can start getting quotes and talking to mortgage lenders. We recommend prequalifying for a loan and obtaining a preapproval letter before beginning your house search. A preapproval letter demonstrates to sellers that you are a serious buyer, which is an excellent strategy for first-time homebuyers in a competitive market. To get pre-approved, you will need to furnish the required financial documents (income documentation, tax returns, etc.) for verification by your lender and submit your loan for preliminary underwriting.

Austin, TX Mortgage Lender

Austin mortgage lenders are bountiful and offer a wide range of home loan programs. Capital Home Mortgage is a full-service mortgage lender offering a competitive rate with meager fees. We are a full-service mortgage lender offering products from FHA loans, VA loans, USDA home loans, Conventional-conforming loans Jumbo loans, and Non-Qualified mortgage loans. We strive hard to provide excellent service and a straightforward approach to ensure a seamless home-buying experience. Whether you are a first-time home buyer looking for your dream home to raise a family or a seasoned buyer, we have a home loan program that fits your needs and budget.

Ready To Get Started?

If you’re considering purchasing a home in Austin TX, or refinancing your current mortgage, we’re ready to go to work for you! Capital Home Mortgage Austin is a full-service Austin Texas mortgage lender that offers a comprehensive array of home loan programs, competitive Texas mortgage rates, and low fees, all while providing superior customer service. We can assist you in evaluating your loan options and selecting the most suitable one. Get in touch with one of our loan officers today at 512-237-7400.
Why Austin 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

Austin 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
Austin Mortgage Programs

Austin Home Purchase

Thinking of Buying an Austin 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

Austin renovation home loans

Looking to Rehab an Austin 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

Austin FHA Home Loans

Great for 1st Time Austin 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

Austin VA Home Loans

100% Financing for Austin 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

Austin Conventional Home Loans

Flexibility for Austin 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

Austin Jumbo Home Loans

Austin 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

Austin USDA Home Loans

100% Rural Austin 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

Austin Native American Home Loans

Austin 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

Austin Manufactured Home Loans

Great Alternative Austin Housing

Austin reverse mortgages

Your Austin 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

Austin Non QM Home Loans

Making Austin 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

Austin One Time Close Home Loans

Build Your Austin 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

Austin Refinance Mortgage Loans

Austin 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

Austin Cash-out Home mortgages

Austin 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

Austin Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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