Capital Home Mortgage Beaumont

Beaumont Conventional Home Loans

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Beaumont Conventional Mortgage Lender

Beaumont Conventional Home Loans

The most common type of loan is a conventional loan. Lending institutions offer conventional loans as their primary mortgage products alongside alternatives like FHA and USDA loans. Conventional loans often ask for above-average requirements compared to government-insured or subsidized loans.

This type of loan is suitable for borrowers with a good credit standing and stable income. It also helps if you have a high credit score and have no past financial troubles.

Let our Beaumont loan specialists assist you in getting a conventional loan. Capital Home Mortgage offers conventional loans to qualified applicants at competitive interest rates and low processing fees. We recommend that you gather the basic requirements before coming to us. It’ll be more efficient if you apply with the requirements on hand. 

What Do I Need To Qualify?

First and foremost, you need to pre-qualify for the loan. This means submitting some documents that demonstrate your financial capability for a home loan. We can usually decide on your pre-qualification status quickly. 

Next, you need to have a property in mind. If you haven’t performed house scouting in your preferred neighborhood, we recommend doing that first. When looking for houses, pick a handful of potential homes you’d want to buy. 

Once you have a list of prospects, you can gather the documents you need for conventional loan requirements. You can do this simultaneously while looking for houses, especially since you should request some documents first. Best practice suggests you get a credit report copy from a credit bureau to know your credit score. We usually won’t ask for a copy of it for pre-qualification purposes.

Knowing your credit score before your application can give you an idea of the loan products you can get. Moreover, recover your most recent pay stubs and ask for a certificate of employment from your company’s HR department. If you’re a business owner, annual financial statements and business tax returns will suffice. We might ask for bank statements, so it’s best to have them prepared beforehand.

Even if your application is still undergoing approval, you’ll need to have enough cash for the down payment and closing. If you want to skip private mortgage insurance, prepare at least 20% of the loan amount. But if you’re OK with paying additional for insurance, prepare at least 10% or the required amount.

What Are The Loan Limits in Beaumont?

Conforming loan limits in Beaumont are as follows:

  • One unit: $647,200
  • Two units: $828,700
  • Three units: $1,001,650
  • Four units: $1,244,850

Learn more about conventional loans in Beaumont and if they match your financial goals and capacity. Our direct mortgage lending process at Capital Home Mortgage enables us to help you find the best mortgage product without unnecessary third-party involvement. We’ll guide you every step of the way until you close the loan and buy the house you want. 

Talk to our mortgage specialists today about your Beaumont conventional home loan. Give us a call at (409) 242-5530 to get started. 

 

 

Why Beaumont is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Beaumont Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Beaumont Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Beaumont Conventional 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 the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Beaumont Conventional Purchase Loan

Conventional Purchase Loans are one of the most popular types of loans and a great choice for many home buyers. Conventional mortgages can be used to purchase any type of occupancy, while FHA, USDA, VA and Native American Loans are restricted to primary residence only. Conventional mortgages are great for borrowers that have higher credit scores and typically have easier qualifying.  

Conventional Mortgage Benefits

  • Freddie Mac and Fannie Mae Insured
  • Primary, Second or Investment Property
  • Single and Multi Family, Condo’s & Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates and Better Terms
  • Maximum Loan Amount – $715,000
  • Conforming High Balance – By Area

Conventional Mortgage Maximum Loan to Values

Primary Residence

  • Single Family – 95% First Time 97% 
  • Duplex – 85%
  • Tri / 4 Plex – 80%
  •  

Secondary Residence

  • Single Family – 90%
  • Duplex – N/A
  • Tri / 4 Plex – N/A
  •  

Investment Residence

  • Single Family – 85%
  • Duplex – 75%
  • Tri / 4 Plex – 75%

Home Purchase
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Conventional Refinance Lender

Conventional Purchase Loans are one of the most popular types of loans and a great choice for many home buyers. Conventional mortgages can be used to purchase any type of occupancy, while FHA, USDA, VA and Native American Loans are restricted to primary residence only. Conventional mortgages are great for borrowers that have higher credit scores and typically have easier qualifying.  

Conventional Mortgage Benefits

  • Freddie Mac and Fannie Mae Insured
  • Primary, Second or Investment Property
  • Single and Multi Family, Condo’s & Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates and Better Terms
  • Maximum Loan Amount – $715,000
  • Conforming High Balance – By Area

Conventional Mortgage Maximum Loan to Values

Primary Residence

  • Single Family – 95% First Time 97% 
  • Duplex – 85%
  • Tri / 4 Plex – 80%
  •  

Secondary Residence

  • Single Family – 90%
  • Duplex – N/A
  • Tri / 4 Plex – N/A
  •  

Investment Residence

  • Single Family – 85%
  • Duplex – 75%
  • Tri / 4 Plex – 75%

Beaumont Conventional Refinance Loan

Conventional Highlights

Conventional Refinance Loans are used for more refinances than any other type of mortgage loan.   This is due to Conventional loans allowing for all occupancy and property types and typically don’t require any mortgage insurance due to loan to value requirements. Conventional mortgages due require higher credit scores but offer better rates.  

  • Freddie Mac and Fannie Mae Insured
  • Primary, Second or Investment Property
  • Single, Multi-Family, Condo’s & Manufactured Homes
  • Rate and Term

Primary Residence

  • Single Family – 95% 
  • Duplex – 85%
  • Tri / 4 Plex – 80%

Secondary Residence

  • Single Family – 90% 
  • Duplex – N/A
  • Tri / 4 Plex – N/A

Investment Residence

  • Single Family – 85% 
  • Duplex – 75%
  • Tri / 4 Plex – 75%

Cash Out Refinance

Primary Residence

  • Single Family – 80% 
  • Duplex – 75%
  • Tri / 4 Plex – 75%

Secondary Residence

  • Single Family – 75% 
  • Duplex – N/A
  • Tri / 4 Plex – N/A

Investment Residence

  • Single Family – 75% 
  • Duplex – 70%
  • Tri / 4 Plex – 70%
Mortgage Conventional Refinance Lender

Conventional Highlights

Conventional Refinance Loans are used for more refinances than any other type of mortgage loan.   This is due to Conventional loans allowing for all occupancy and property types and typically don’t require any mortgage insurance due to loan to value requirements. Conventional mortgages due require higher credit scores but offer better rates.  

  • Freddie Mac and Fannie Mae Insured
  • Primary, Second or Investment Property
  • Single, Multi-Family, Condo’s & Manufactured Homes
  • Rate and Term

Primary Residence

  • Single Family – 95% 
  • Duplex – 85%
  • Tri / 4 Plex – 80%

Secondary Residence

  • Single Family – 90% 
  • Duplex – N/A
  • Tri / 4 Plex – N/A

Investment Residence

  • Single Family – 85% 
  • Duplex – 75%
  • Tri / 4 Plex – 75%

Cash Out Refinance

Primary Residence

  • Single Family – 80% 
  • Duplex – 75%
  • Tri / 4 Plex – 75%

Secondary Residence

  • Single Family – 75% 
  • Duplex – N/A
  • Tri / 4 Plex – N/A

Investment Residence

  • Single Family – 75% 
  • Duplex – 70%
  • Tri / 4 Plex – 70%

Beaumont Conventional Renovation Loan

  • Up to 97% LTV of “As-Completed”
  • Owner-occupied 1–4 unit Primary 
  • Owner-occupied 1–4 unit Condos 
  • 85% LTV on a 1-unit Investment 
  • 90% on a 1-unit Second Home
  • Credit Scores Down to 620
  • Luxury Renovations are Eligible
Renovation Freddie Mac Choice Home Lender
  • Up to 97% LTV of “As-Completed”
  • Owner-occupied 1–4 unit Primary 
  • Owner-occupied 1–4 unit Condos 
  • 85% LTV on a 1-unit Investment 
  • 90% on a 1-unit Second Home
  • Credit Scores Down to 620
  • Luxury Renovations are Eligible
Not Sure? Take a Look at Other Beaumont Mortgage Programs

Beaumont Mortgage Team

Conor Hayhurst

Manager
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

Manager
NMLS 210325

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