Capital Home Mortgage College Station

College Station USDA Home Loans

College Station USDA Mortgage Lender

College Station USDA Home Loans

For qualified borrowers looking to own a home in a rural area, the U.S. Department of Agriculture (USDA) has a unique loan program to help them secure a loan. It does this through its Single-Family Housing Guaranteed Loan program, which allows lenders to extend financing to qualified borrowers without shouldering too much risk. 

The program’s goal is to help low to moderate-income families own good, modest, decent, safe, and sanitary dwelling areas as their primary residence. 

At Capital Home Mortgage, we are your trusted resource regarding USDA home loans. Not only do we handle every aspect of the loan process, but as direct lenders, we also fund your loan.

Here’s what you need to know about our USDA mortgage loans

Eligible Borrowers

The following are the eligibility requirements for applicants:

  • The household income does not exceed 115% of the median household income of the area where the applicant will reside. You may visit the USDA Income Eligibility page to view eligible areas and income limits.
  • The applicant must agree to occupy the house as their primary housing residence.
  • The applicant is a U.S. citizen, U.S. non-citizen national, or a qualified alien.
  • The applicant is unable to get a conventional loan without private mortgage reinsurance.
  • The applicant has not been suspended or debarred from joining federal programs.

Eligible Property

The prevailing condition is that the property must be located in a rural area. It must also be a single-family dwelling unit. Existing dwellings must meet the requirements of the U.S. Housing and Urban Development property standards.

This program extends to 100% of the property’s appraised value, not the purchase price. The loan may cover closing costs if the appraised value exceeds the purchase price. You can allocate excess funds for necessary repairs if you purchase an existing dwelling.

Requirements

Unlike a conventional loan, there are minimal and less strict requirements for this loan program from the USDA. 

  • Credit Score

There are no credit score requirements for this program. However, applicants must prove they can manage the debt and pay it off until maturity.

  • Income and Assets

Applicants must show proof of stable income and employment to assess their ability to repay the loan. Income history requirements vary per lender and income source. You may contact our mortgage experts to learn more about our income requirements. This loan also has no asset reserve requirements, including a down payment.

  • Mortgage Term

The Single-Family Housing Guaranteed Loan only offers 30-year fixed-rate loans.

Allowed Usage of Funds

This loan program limits the usage of funds as stated in USDA Section 502. The following are the only allowed usages of funds:

  • Purchase of new or existing residential property as a permanent residence.
  • Repairs and rehabilitation costs for an existing dwelling.
  • Refinancing of eligible loans.
  • Purchase of essential household equipment.
  • Site preparation costs for construction.

Get Your College Station USDA Home Loan 

Capital Home Mortgage is a direct lender that offers the Single-Family Housing Guaranteed Loan Program across the U.S. More importantly, we provide a streamlined loan process with low fees and some of the most competitive interest rates

Contact us now at (979) 393-0049 to get started.

Why College Station HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Control of the Loan from Application to Funding

Great Rates & Low Fees

Direct Lender Providing Competitive Rates and Low Fees

Exceptional Customer Service

7  Day a Week Support Application to Final Mortgage Payment

College Station 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

College Station USDA Mortgage 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.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only
Texas Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas Home?

Looking to Purchase a Home? We have the loan 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

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

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

College Station Texas Mortgage Team

Conor Hayhurst

Manager
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

Manager
NMLS 210325

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