Capital Home Mortgage Brownsville

Brownsville home purchase loans

Brownsville Home Purchase lender

Brownsville Home Purchase Loans

Finding the right property is only half the battle in your journey to home ownership. Unless you have the financial capacity to purchase a home entirely on cash, the other half is choosing the type of mortgage to help you pay for it.

Home loans are usually offered at 10-to-30-year terms. You’ll be repaying your mortgage over a long period of time, so it’s critical to find a loan that fits your needs and budget. Capital Home Mortgage is here to help you find the best mortgage for your situation and make buying a home in Brownsville as simple as possible.

Top 5 Mortgages for Brownsville Homebuyers

If you’ve bought a home before, you already know that mortgage products are not created equal. Some have stricter regulations or require a hefty down payment, while others may only need 3%. Home loans only qualify people with almost perfect credit, but there are also those aimed at borrowers with marginal credit and lower incomes.

Here are the most popular types of home purchase loans today:

     – Conventional Loan

Conventional loans are the most popular type of home purchase loan because they’re less restrictive, have fewer fees, and have less detailed qualification requirements.

Unlike most of the home loans on this list, conventional mortgages are not guaranteed by the federal government. Instead, they adhere to guidelines established by two private agencies, Fannie Mae and Freddie Mac.

     – Jumbo Loan

Jumbo loans are called such because they are used to fund the purchase of more expensive homes that exceed FHFA limits. Jumbo loans are typical in areas with higher home prices, such as New York City, Los Angeles, San Francisco, and Hawaii.

A jumbo loan may be your best option if the amount you’re looking to borrow is higher than the most recent conforming loan limits. But because these loans involve a more considerable amount of money and are harder to sell because they do not conform to GSE guidelines, they are typically more stringent. To qualify, you’ll need a larger down payment, a higher FICO score, and a lower DTI ratio.

     – FHA Loan

FHA loans boost homeownership across the United States by lowering the down payment amount, credit score, and qualification requirements for home loans offered under the program. 

FHA loans are popular among first-time home buyers because they only need a credit score of 580 to qualify for the 3% down payment rate. However, these benefits still come at a cost because FHA loans require borrowers to pay an upfront funding fee and a mortgage insurance premium that could last for the life of the loan.

     – VA Loan

VA loans are exclusive to active and retired military personnel and their families. These loans, backed by the United States Department of Veterans Affairs, provide significant benefits to those currently or previously serving in the United States Armed Forces.

To qualify for a VA Loan, you must have served in the United States military for 90 days of active duty during a war or 181 days of active duty during peacetime, or you must be the surviving spouse of a military member who has not remarried. Interested applicants must provide their lender with a Certificate of Eligibility (COE). 

     – USDA Loan 

Despite being named after the United States Department of Agriculture, USDA loans are not only for farmers. They are designed to promote rural development by extending loans with more lenient terms to qualified borrowers looking to purchase a home in designated “rural areas” in the country. 

When most people hear of USDA loans, they think of homes in remote towns. But that’s not the case. According to the USDA, 97% of US territory is classified as “rural,” including many small towns and suburbs of major cities.

Let Us Help You Find the Right Mortgage

Different homebuyers have different budgets, lifestyles, and requirements. That said, the right home loan for one household may not be ideal for the other.

You have plenty of things to consider when deciding between various mortgage loans. Factors like your credit score, income, debt, and property location all impact the home-buying process and the types of mortgages available to you.

Are you buying a home in Brownsville? Capital Home Mortgage can help you find a customized solution that fits your needs. Call us today at (956) 307-3422!

Why Brownsville 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

Brownsville 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

Brownsville Home Purchase Loans

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

Brownsville fixed rate Mortgage Loans

All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.

Brownsville Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage Loans known as ARM’s are  available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment.  ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.

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

Brownsville Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

Brownsville Mortgage Company Reviews

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