Beaumont Jumbo Mortgage Lender
Beaumont Jumbo Home Loans
Buying a house beyond the conforming limits requires a particular home loan. These are known as Jumbo loans. They are so named because they are designed for “jumbo” loan amounts. Of course, this means Jumbo loans have much stricter eligibility requirements. Still, in most cases, they are the only type of loan that can be used for high-value properties, vacation homes, and primary housing in upscale cities. Capital Home Mortgage offers Jumbo loans to qualified applicants in Beaumont. Please get in touch with our loan specialists for more details about our Jumbo loan program.What’s The Difference Between Jumbo & Conforming Loans?
A Jumbo loan is a loan that covers luxurious properties beyond conforming loan limits. You can also get a Jumbo loan if you intend to buy investment properties or a second home. However, the main difference between Jumbo and conforming loans is that Fannie Mae and Freddie Mac can purchase the latter. For example, let’s say we have $20 million at Capital Home Mortgage. Assuming each mortgage is $200,000, we can originate and fund 100 mortgage applications. But once we use all the $20 million, we can’t give mortgages anymore. That’s where Fannie Mae and Freddie Mac come in. We sell all 100 mortgages to them and receive $20 million that we will reuse to give another 100 mortgages. Unfortunately, we can’t sell Jumbo loans to Fannie Mae and Freddie Mac. When we approve Jumbo loans, it’s coming from our funds, and we can’t revolve it by selling them to Fannie Mae and Freddie Mac. The conforming loan limits in Beaumont are as follows: $647,200 for one unit; $828,700 for two units; $1,001,650 for three units, and $1,244,850 for four units. These amounts will change by 2023, so check the HUD website for updates. Most lenders (including us) are strict regarding Jumbo loans. In the next section, we’ll discuss in detail the requirements of a Jumbo loan.What are the Requirements for Qualifying for a Jumbo Loan?
Qualifying for a Jumbo loan in Beaumont can be more complicated than a conventional loan. Expect most lenders, including Capital Home Mortgage, to raise the bar higher because Jumbo loans are risky. The first primary requirement is a credit score of 700 and above. If your score is below 700, there’s a high chance of rejection. A FICO score of 700 is considered “good.” However, we prefer borrowers with “very good” and “exceptional” credit scores. The score should range from 740 to 850. You should also present proof of income and employment, including asset reserves. We need to assess your financial capacity and ability to pay. More so, your debt-to-income ratio must be within 35% to 40% for a higher chance of approval.Apply for a Jumbo Loan from Capital Home Mortgage
Discover the best Jumbo loans in Beaumont with Capital Home Mortgage. We are direct lenders, so from pre-qualification to closing, you’ll only be dealing with our mortgage specialists. This makes for a quicker, less stressful loan process. Speak to our Beaumont loan officers today about your home loan by calling (409) 242-5530.Why Beaumont 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
Beaumont 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
Beaumont 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 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
