Capital Home Mortgage Beaumont

Beaumont Reverse Mortgage Loans

Beaumont Reverse Mortgage Lender

Beaumont Reverse Mortgage

For senior homeowners, reverse mortgages can be an excellent method to secure some financing for their needs. It is a type of loan that allows homeowners to borrow against the equity in their home. 

A reverse mortgage can help many seniors supplement their retirement income. It can also be used for other purposes, such as paying off debt or making home improvements. Capital Home Mortgage is here for you if you are a senior citizen considering a reverse mortgage in Beaumont. 

Types of Beaumont Reverse Mortgage

Building wealth and having a comfortable retirement are both possible with reverse mortgages. Below are the most common types of reverse mortgages you should know about:

  • HECM Reverse Mortgage

The Home Equity Conversion Mortgage, abbreviated as HECM, is the most renowned type of reverse mortgage. It is government-backed, specifically insured by the Federal Housing Administration (FHA), allowing homeowners to borrow against their home equity. HECM also does not limit fund usage, so you can enjoy low-interest rates depending on your age and how long it will take for the bank to convert all of your equity into cash.

  • Proprietary Reverse Mortgage

Proprietary reverse mortgages are private loans and usually have higher loan limits than HECM. Although any government institution does not back it, it usually has more flexible terms and conditions for the borrower. For instance, it may allow you to borrow more money or make lump-sum payments. It will be best to use this loan if your home’s value is more than $970,800 or if you are from a high-cost area, as it is also tagged as a jumbo reverse mortgage.

  • Single-Purpose Reverse Mortgage

You have no better choice than getting a single-purpose reverse mortgage when you need additional money to pay those annoying home repairs or property taxes. As the name implies, this loan is only used for one purpose. 

Beaumont Reverse Mortgage Loan Requirements

The government has set specific guidelines for borrowers who want to take out a reverse mortgage. To qualify, you must:

  • Be at least 62 years old. You must be of retirement age to apply for a reverse mortgage knowing that this loan is only meant to help seniors supplement their retirement income, and it will be challenging to repay the loan if you’re still in your working years.
  • Maintain significant home equity. Your home’s equity determines the amount you qualify for in a reverse mortgage. You can borrow more if your house is paid off than if it still has a mortgage.

There are many advantages of having a home equity line of credit, but you must first go through counseling. Fortunately, we have the best counselors to help you with your application process at Capital Home Mortgage. We can provide you with the guidance and resources you need to make the best decision for your retirement.

Get a Beaumont Reverse Mortgage Today

If you’re a senior citizen looking for financial security in retirement, a reverse mortgage may be the right solution. Being a direct lender, Capital Home Mortgage handles loan applications and makes all the decisions at every stage. 

Call us at (409) 242-5530 to get started with your Beaumont reverse mortgage application. 

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 REverse Home Loans

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.

  • Purchase & Refinance
  • Primary Only
  • 62 Years or Older
  • Required Hud Counseling
  • Homeowners Insurance Required
  • Must Continue to Pay Taxes
  • Meet Required Equity Values
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 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

Beaumont Mortgage Company Reviews

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