Home Loans In Brownsville, Texas

Welcome to Capital Home Mortgage Brownsville. Brownsville is a city in and the county seat of Cameron County, Texas, United States. Brownsville is the 16th largest city in the state of Texas. Located at the southernmost tip of Texas, the Brownsville metro area is where Texas meets both Mexico and the Gulf of Mexico. A new Texas Real Estate Research Center report shows that Brownsville had a 22 percent increase in homes sold during the pandemic. 

Purchasing a home is a significant undertaking, so it only makes sense for homebuyers to conduct extensive research and educate themselves about the home purchasing process before taking the plunge.

3 Common Types of Mortgages

Like most people, you’ll likely take out a loan to pay for your new home in Brownsville, TX. Before beginning the search, you’ll need to find the right type of mortgage to finance the purchase.

Here are your three primary options:

• Conventional Loans

Conventional loans are the best option if you have a good credit score and the means to make a significant down payment. The traditional 30-year fixed-rate mortgage is the most common option for homebuyers.

• Jumbo Loans

Jumbo mortgages are appropriately termed because they are loans that exceed the FHFA’s lending limitations. Jumbo loans are more prevalent in high-cost areas like Los Angeles, San Francisco, New York City, and Hawaii.   

A jumbo loan is your best option if you need to borrow money that exceeds the current conforming loan restrictions. However, it’s important to note that because jumbo loans entail a greater risk for the lender, they typically require more extensive documentation and qualification.

• Government-Insured Loans

The United States government does not originate mortgages, but it does play a role in assisting more Americans to become homeowners. Most government-insured mortgages are backed by three government agencies: the Federal Housing Administration (FHA loans), the United States Department of Agriculture (USDA loans), and the United States Department of Veterans Affairs (VA loans).

FHA and USDA-backed loans are excellent options if you cannot qualify for a traditional loan owing to a low credit score or a lack of down payment savings. On the other hand, VA-backed loans can be an excellent alternative for military personnel, veterans, and eligible spouses — and they often offer better terms than a commercial loan.

What’s Next?

Now that you’ve determined the appropriate type of loan for your home purchase, it’s time to find the right mortgage lender to facilitate the transaction. Each lender is unique, and shopping for the best terms that fit your financial situation is critical. You have numerous options, from neighborhood banks and credit unions to online-only mortgage companies.

Brownsville, TX Mortgage Lender

Capital Home Mortgage is a full-service mortgage lender offering various products, including FHA, VA, USDA, conforming conventional, jumbo, and non-qualified mortgage loans.

We are a direct Brownsville mortgage lender, which means we ultimately control the loan process from beginning to end. We offer our clients competitive rates, reasonable fees, and a stress-free home-buying experience because of our streamlined workflow process. We are committed to providing exceptional customer service and ensuring a smooth transaction from application to close.

You Can Count on Us to Make The Mortgage Process Easier!

Purchasing a home is the most significant decision people will make in their lives, which is why Capital Home Mortgage provides dedicated contact points throughout the loan process.

We are here to assist you whether you are a first-time homebuyer looking for an FHA Home Loan, on active duty, a retired veteran needing a VA Home Loan, or a seasoned buyer looking for a Conventional Home Loan in Brownsville, Texas. We’ll work with you to make the home-buying process as convenient as possible.