Capital Home Mortgage Corpus Christi

Corpus Christi Reverse Mortgage Loans

Corpus Christi Reverse Mortgage Lender

Corpus Christi Reverse Mortgage

A house is a long-term investment. But if you could take out a loan against your equity, you would enjoy your investment without leaving your home or selling it. Reverse mortgages are about that. 

They are loans against the value of the home. But instead of the borrower paying the lender, it’s the other way around. The parties in a reverse mortgage can agree on settling the amount, whether paid monthly, quarterly, yearly, or on a single sum. 

Are you eligible for a reverse mortgage? Capital Home Mortgage can help you obtain the financing you need against your home equity. We are a direct mortgage lender providing home loan options in Corpus Christi. Here’s what you need to know about our reverse mortgage program. 

Types of Reverse Mortgage

There are different types of reverse mortgages to choose from. You must select the reverse mortgage program that best suits your needs.

  • HECM Reverse Mortgage

The Home Equity Conversion Mortgage or HECM reverse mortgage is the most popular reverse mortgage product among borrowers. It’s government-backed, and there is no fund usage restriction. HECM can offer low-interest rates depending on the borrower’s age and how long the borrower is expected to live in the home. Lenders offer HECM to seniors without additional requirements because they can sell the house after the borrower passes away.

  • Single-purpose Reverse Mortgage

The single-purpose reverse mortgage is a reverse mortgage program with a lender-approved purpose. That’s why this reverse mortgage program is not popular in the market. However, single-purpose reverse mortgages are the least expensive reverse mortgage today. Though this reverse mortgage has a limited purpose, it’s still an excellent product to choose if you need extra cash for home maintenance or property taxes.

  • Proprietary Reverse Mortgage

A proprietary reverse mortgage is like the HECM, but it’s a private loan against your home’s equity. Hence. It’s not government-backed. The advantage of this reverse mortgage is that it doesn’t conform to limits set by the Federal Housing Administration, which is why this is also a jumbo reverse mortgage. You should get this reverse mortgage product if your home’s value is over $970,800, the limit for high-cost areas.

Corpus Christi Reverse Mortgage Loan Requirements

There are two essential requirements for reverse mortgages. First, the borrower must be 62 years or older. Second, the borrower must have a significant amount of equity in the home before applying for a reverse mortgage. It would be better if the borrower paid the mortgage on the house.

If you’re getting HECM, you should first undergo counseling from a HUD-certified counselor to explain how reverse mortgage works. Capital Home Mortgage has HUD-certified counselors who will help you in the application process.

Apply for Reverse Mortgage in Corpus Christi

Capital Home Mortgage strives to make your application process as convenient and straightforward as possible. Talk to our home loan experts to discuss your reverse mortgage in Corpus Christi. Call us at (361) 724-3166 to schedule an appointment. 

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

7  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 REverse Home Loans

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.

  • Purchase & Refinance
  • Primary Only
  • 62 Years or Older
  • Required Hud Counseling
  • Homeowners Insurance Required
  • Must Continue to Pay Taxes
  • Meet Required Equity Values
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

Corpus Christi 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

Corpus Christi Mortgage Company Reviews

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