Capital Home Mortgage Beaumont

Beaumont Renovation Home Loans

Beaumont Renovation Mortgage Lender

Beaumont Renovation Home Loans

Home renovations can be expensive, depending on the extent. It can be as minor as repairing the roof and other broken parts within the house or a significant renovation like home remodeling, plumbing replacement, flooring, and many more. Even if you have the money to pay for the renovation outright, using your savings to fund it makes little sense, especially since you have equity in the property in question. 

So use it to take out a home renovation loan instead. 

Capital Home Mortgage offers renovation loans from FHA, Fannie Mae, and Freddie Mac. Contact our Beaumont loan specialists to learn more about these loan products for renovating homes.

Our Renovation Home Loans in Beaumont

Before you apply for a home renovation loan, it’s best to speak with a local contractor to conduct a visual inspection and estimate the renovation costs. We would appreciate it if you have a figure in mind so that we can work towards a beneficial renovation loan agreement. 

Moreover, ask the contractor if they’re accredited and licensed to perform renovations. Contractor accreditation is often required in government-backed renovation loans. If the renovation is DIY, giving us an estimate of the total project costs would be highly appreciated.

  • HomeStyle Renovation Loan

The HomeStyle Renovation Loan is from Fannie Mae. You can apply for this loan if you intend to buy an old house and renovate it. This loan will cover the purchase price of the old house and the funds for renovation. However, part of Fannie Mae’s requirements is coordinating with an approved contractor to perform the renovation. Once you get this loan, you cannot encash the proceeds intended for renovations.

Fannie Mae is strict about this issue. The contractor must submit the renovation plan to the bank for a draw. Once the renovation project is complete, the bank will ensure that the procedures have been followed. Assuming everything is fine, the bank will pay the contractor. 

  • CHOICERenovation Loan

This renovation loan from Freddie Mac is similar to Fannie Mae, but it has prioritized applicants. From the name itself, a CHOICERenovation loan prioritizes first-time home buyers, rural home buyers, senior homeowners, and multigenerational households. However, you may still have a chance for this loan product. The persons mentioned previously only have a preference, but that doesn’t mean they’re automatically approved. With a CHOICERenovation loan, you can borrow up to 75% of the home value, not total expenses.

  • FHA 203(k) Loans

FHA loans are suitable for individuals with less-than-perfect credit scores. The FHA backs these loans to reduce the risk of future default to lenders. An FHA 203(k) loan can be a standard 203(k) or limited 203(k). The traditional 203(k) can cover costly renovations but at least $5,000. On the contrary, minor renovations go to the limited 203(k) with a maximum value of $35,000.

Finance Your Home Renovation with Capital Home Mortgage

At Capital Home Mortgage, we can help you finance your home renovation in Beaumont. Our direct mortgage lending process allows us to cater to applicants’ needs by managing all applications directly. Get started today by calling us at (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 the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Beaumont Fannie Mae HomeStyle RenovatioN Loan

Fannie Mae Homestyle Reno is a program that allows a homeowner multiple renovations options… from a simple luxury addition, to small cosmetic updates to a full rehabilitations.

  • 95% LTV Primary Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Purchase & Refinance
  • As Completed Values
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Beaumont Freddie Mac Choice Mortgage Loans

Freddie Mac Choice Reno is a great alternative to a new home purchase.  It allows for a buyer to renovate a home as part of purchase or refinance bringing it back to life. Making your dream home come true might just be updating that older home.

  • 95% LTV Primary Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Minimum Credit Score 620
  • Luxury Renovations are Eligible
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Beaumont FHA 203K Renovation Loans

FHA offers both a Steamline and Full Rehabilitation Loans.  This is a great option for 1st time homebuyers looking to purchase a home that needs a little TLC.

  • Purchase & Refinance Options
  • Primary Residences Only
  • Single, Multi Family & Condo’s
  • As-Is Improved Renovated Value
  • 203K Streamline
  • Less < 35K, Cosmetic Repairs Only
  • 203K Full Rehab
  • Greater > 35K, No Restrictions
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

Beaumont Texas renovation Mortgage Team

ron ireland

branch manager
NMLS 328363

Doug Harris

Loan Officer
NMLS 2152628

Matt Williams

Sr Loan Officer
NMLS 1945867

chris erwin

Client Relationship Manager
NMLS 914064

Beaumont Mortgage Company Reviews

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