Capital Home Mortgage Corpus Christi
Corpus Christi Renovation Home Loans
Corpus Christi Renovation Mortgage Lender
Corpus Christi Home Renovation Loans
Renovation loans are loan products for borrowers who need additional financing to improve, extend, or modify their existing dwelling. However, renovation loans can also be used to buy and renovate an old house. This renovation loan suits families who want a decent, modest, sanitary home.
Is it time to give your old home a makeover? Capital Home Mortgage offers a variety of home renovation loans in Corpus Christi. These include:Â
FHA 203(k) Loans
FHA loans are loans with government backing to help Americans with low credit scores and poor credit histories. You can get an FHA loan to buy a brand new home or for renovation purposes. FHA loans for renovations have two types, and you should first determine the extent of the renovation before getting an FHA 203(k) loan.Â
Standard 203(k)
A standard 203(k) is a loan product suitable for major repairs and extensive work. If the repair has significant structural improvements, you should get the standard 203(k) because it has no loan limit. The improvements eligible for this FHA renovation loan are the following: plumbing, flooring, remodeling, landscaping, roofing, sewage improvements, site relocation, accessibility upgrades, and storm shelter remodeling.
Limited 203(k)
Limited 203(k) loans are capped only up to $35,000. You can get this loan for minimal repairs that don’t involve minor structural improvements. Since this loan has a maximum amount, it’s easier to get a limited 203(k) than a standard 203(k).
VA Home Improvement Loans
Active members of the military or their surviving spouses are eligible to apply for a VA loan to buy or renovate a home. However, a VA home improvement loan covers purchasing an old house in poor condition and renovating it to make it livable. The VA only allows roofing, energy-efficiency upgrades, structural repairs, HVAC replacements, flooring, and electrical repairs.
Fannie Mae HomeStyle Loans
Fannie Mae also offers renovation loans, which are more inclusive than FHA 203(k) loans. HomeStyle loans can cover luxurious and extravagant renovations to your home, which you’re not allowed to do under FHA 203(k) loans. However, you cannot demolish and rebuild homes, build a second home, or make temporary improvements using a HomeStyle loan.
Freddie Mac CHOICERenovation Loans
CHOICERenovation loans are similar to HomeStyle loans but with additional requirements. Hence, Freddie Mac renovation loans aren’t as liberal as Fannie Mae loans. In CHOICERenovation loans, the repair cost must be lower between the purchase price plus renovation cost or post-renovation value. If you want to refinance, renovations must not exceed 75% of the post-renovation value.
Finance Your Home Renovation With Capital Home Mortgage
Capital Home Mortgage is one of the leading providers of home renovation loans in Corpus Christi. Our Loan Officers work hard to help make the application process smooth and hassle-free for our clients. After all, a home renovation should be an exciting experience.
As a direct mortgage lender, we finance all approved loans at competitive interest rates and low processing fees. Call us now at (800) 850-4255 to get started.
Why Corpus Christi 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
7Â Day a Week Support Application to Final Mortgage Payment
Corpus Christi 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
Corpus Christi Fannie Mae HomeStyle RenovatioN Loan
Fannie Mae Homestyle Reno is a program that allows a homeowner multiple renovations options… from a simple luxury addition, to small cosmetic updates to a full rehabilitations.
- 95% LTV Primary Residence
- 97% LTV 1st Time Buyer Single Family
- 85% LTV on 1 Unit Investment
- 90% LTV on Second Home
- Purchase & Refinance
- As Completed Values
- Maximum Loan Amount – $715,000
- High Balance (Varies By County)
Corpus Christi Freddie Mac Choice Mortgage Loans
Freddie Mac Choice Reno is a great alternative to a new home purchase. It allows for a buyer to renovate a home as part of purchase or refinance bringing it back to life. Making your dream home come true might just be updating that older home.Â
- 95% LTV Primary Residence
- 97% LTV 1st Time Buyer Single Family
- 85% LTV on 1 Unit Investment
- 90% LTV on Second Home
- Minimum Credit Score 620
- Luxury Renovations are Eligible
- Maximum Loan Amount – $715,000
- High Balance (Varies By County)
Corpus Christi FHA 203K Renovation Loans
FHA offers both a Steamline and Full Rehabilitation Loans. This is a great option for 1st time homebuyers looking to purchase a home that needs a little TLC.
- Purchase & Refinance Options
- Primary Residences Only
- Single, Multi Family & Condo’s
- As-Is Improved Renovated Value
- 203K Streamline
- Less < 35K, Cosmetic Repairs Only
- 203K Full Rehab
- Greater > 35K, No Restrictions
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 FeesÂ
- 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
