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Brownsville VA Home Loans

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Brownsville VA Mortgage Lender

Brownsville VA Home Loans

The VA offers home loans and other housing-related programs, giving military service members, veterans, and eligible surviving spouses a better homeownership option. The agency determines VA-backed mortgage eligibility based on service length, duty status, and nature of service. 

Qualified borrowers can use the VA home loan to help purchase, repair, or retain a home for personal occupancy. Capital Home Mortgage offers Brownsville VA loans and other mortgage options. Start your homeownership journey with us!

VA Loan Guaranty

Although the VA loan is a federal program, it’s not the federal government does not directly lend or originate mortgages. Private lenders offer these home loans, but the VA guarantees these loans.

The VA loan guaranty safeguards lenders against ultimate loss if the buyer defaults on the mortgage. This protection by the government allows private lenders to provide VA loans with better conditions than most mortgage options.

Brownsville VA Eligibility Requirements

To qualify for a Brownsville VA loan, you or your spouse must meet the VA’s minimum service requirements and satisfy your lender’s credit and income standards. 

You may be eligible for a VA loan if one or more of the following applies to you:

  • Has at least 90 consecutive days of active wartime service
  • Rendered at least 181 days of active service during peacetime
  • Served for at least six (6) years in the National Guard or National Reserves
  • Spouse of a service member who died in the line of duty or was disabled while serving
  • Lenders Borrowing Requirements

The VA has not set a credit score requirement, but lenders typically have minimum standards for credit, income, DTI, etc., for those who wish to obtain a VA loan. They will use the information to assess your risk and determine the interest rate of your loan. You will also need to provide your lender with a Certificate of Eligibility (COE), which confirms your qualification for VA loan benefits.

Remember that different lenders have different requirements, so you don’t have to go with the first lender that approves your VA loan application. Feel free to shop around until you find a lender that fulfills your financial and homebuying needs.

Brownsville VA Home Loan Benefits

The VA Home Loan is often the best home loan product for Brownsville Veterans. Some of its notable benefits include:

  • No down payment (as long as the home’s sale price does not exceed the appraised value);
  • Competitive terms and interest rates;
  • No private mortgage insurance;
  • Fewer mortgage closing costs (may be paid by the lender, seller, or a 3rd party);
  • No penalty fee for early loan repayment;
  • Lifetime benefit; Guarantee can be used multiple times

Is the VA Loan a Great Option?

The VA home loan program comes with a slew of perks — zero down payments, no mortgage insurance, flexible credit guidelines, and the lowest average interest rates in the industry — creating what’s arguably the most compelling loan options today!

If you’re a service member, a veteran, or a spouse of one, this is an opportunity you don’t want to miss! Moreover, you don’t have to head to the VA to know if you’re eligible. You should get a good idea of your chances when you apply for VA loan preapproval with Capital Home Mortgage!

Every Veteran buyer’s situation is unique, and discussing your loan options with one of Capital Home Mortgage’s Home Loan Specialists can help you make the best financial decision possible.

Why Brownsville is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Brownsville Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Brownsville Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Brownsville VA 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 VA Purchase Loan

  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance
  • Simple Qualifying
  • Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income  Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted
VA Purchase Home Lender
  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance
  • Simple Qualifying
  • Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income  Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted

Brownsville VA Refinance Loan

  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal Required
    • No Income Verification Required
  • Full Documentation
    • Cash-Out or Loan Conversion
    • Appraisal Required
    • Income Verification Required
VA Interest Rate Reduction Refinance Lender
  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal Required
    • No Income Verification Required
  • Full Documentation
    • Cash-Out or Loan Conversion
    • Appraisal Required
    • Income Verification Required

Brownsville VA Loan Information

Brownsville VA Loan Requirements

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability

Brownsville VA Funding Fee

  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability
VA Home Loan Information

Brownsville VA Loan Requirements

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability

Brownsville VA Funding Fee

  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability
Not Sure? Take a Look at Other Brownsville Mortgage Programs

Brownsville Mortgage Team

Conor Hayhurst

Managing Director
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

Chris Erwin

Loan Officer
NMLS 914064

Dale Gremillion

Manager
NMLS 210325

Brownsville Mortgage Company Reviews

What is an Amarillo VA Home Loan?
VA Home Loans are for active duty service members, active reservists, honorably discharged service members, as well as retired and disabled service members.VA stands for “Veterans Administration”, which oversees all Veteran benefits including home loans. Established in 1944 and part of the GI Bill or Rights, VA set out to help men and women who served their country catch up to their civilian counterparts by establishing credit and building financial wealth. It’s important to understand that VA does not lend money, VA instead provides lenders a guarantee that covers the lender from loss in the event of foreclosures.  In simple terms VA insures a portion of the loan that the buyer  would have normally had to put down to qualify allowing for a zero down payment. VA loans require an upfront mortgage insurance fee, which can be financed into the loan, from each borrower.  This fee supports the guarantee fund and makes the 100% VA home loan possible.  Veterans with a minimum of 10% disability are exempt from the funding fee.
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