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Home Loans In Dallas, Texas

Dallas is one of the fastest-growing cities in the USA. The booming economy, the low cost of living, the great weather, and the cool neighborhoods — are just some of the many reasons why, every year, tens of thousands of individuals and families decide to call Dallas home.

How To Qualify For A Mortgage In Dallas

If you’re considering buying a home in Dallas soon, knowing the minimum mortgage qualifications can assist you in finding the appropriate lending program for your needs.

Qualification criteria for a house loan vary according to the type of mortgage you want, but the following are the minimum requirements for the most common types of mortgages:

  • Down Payment

Most conventional mortgages need a 10% – 20% down payment, although some borrowers may qualify for as little as 5%. If your down payment is less than 20%, you will need mortgage insurance, which protects the lender in the event of a default. After achieving 20% equity in your property, you should be entitled to cancel your mortgage insurance.

  • Credit Score and DTI

Conventional conforming mortgages typically require a credit score of at least 620. Still, specific lenders may require a higher score if other indicators, such as a high debt-to-income, increase your credit risk.

Most lenders need a DTI ratio of 45 percent or less; however, Fannie Mae allows DTIs of up to 50% on loans underwritten through its automated Desktop Underwriter system, with compensating factors. Manually underwritten loans must have a DTI of less than 36%.

  • Loan-to-Value Ratio

Loan-to-value ratios for single-family primary residences cannot exceed 97 percent for fixed-rate loans for highly-qualified borrowers, 95 percent for adjustable-rate mortgages, and 80 percent for cash-out refinances. Conventional loans generally require a 5% down payment, whereas FHA requires a 3.5% down.

  • Income and Employment

When qualifying loan applicants, lenders seek proof of income and steady employment.

If employed, you will have to present recent pay stubs, two months’ worth of bank statements, and two years’ worth of W-2s. If you are self-employed, you must provide two years’ worth of personal and business tax returns, your latest financial statement, and three months’ business bank statements.

Some home loans, particularly those guaranteed by the federal government, like FHA and VA loans, have lower down payment and credit score qualifications. However, you must meet loan-specific requirements to qualify for these mortgage types.

Dallas, TX Mortgage Lender

Are you in the market for a new home in Dallas? Do you want to work with the best mortgage lender in Dallas? Look no further; Capital Home Mortgage offers a variety of home loan program that suits every buyer’s need.

Not all mortgage lenders in Dallas are the same. As the top mortgage lender in Dallas, Capital Home Mortgage offers a flexible underwriting guideline suited to fit any borrower. From low-interest rates and low fees to an on-time closing, we take pride in providing top-notch customer service while always meeting our deadlines.

Ready To Apply For A Dallas Home Loan?

Whether purchasing your first or second home, our Capital House Mortgage can help you realize your dream of homeownership in Dallas.

At Capital Home Mortgage, we know the difficulties of obtaining financing for a home in Dallas, particularly for first-time buyers. With our unique advantage as a direct mortgage lender in the state, we can assist you in securing a suitable home loan and purchasing the ideal home for your family.

We have the tools and resources to accelerate the loan application, underwriting, and funding processes. You can count on us for fast and smooth mortgage applications and closings.

Let’s discuss your mortgage options. Get in touch with us today at 214-372-0015, or use the tools on this site.

Why Dallas is Choosing Capital Home Mortgage
Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Dallas Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Dallas Customer Service

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

Dallas 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

Dallas Mortgage Loans

Dallas Home Purchase

Buying a Dallas Home?

  • Primary, 2nd, Investment
  • Low Rates & Low Fees
  • Conventional, FHA, VA, USDA
  • Jumbo, Reno, Manufactured

Dallas Renovation Home Loans

Dallas Rehab Loans

  • Remodel, Renovate, Repair
  • FHA 203K Streamline or Full
  • Fannie Mae Homestyle Reno
  • Freddie Mac Choice Reno

Dallas FHA Home Loans

1st Time Dallas Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed

Dallas VA Home Loans

100% Loans for Dallas Veterans

  • Simply Qualifying
  • No Down Payments 
  • Lower Credit Scores Allowed
  • Manual Underwriting Allowed

Dallas Conventional Home Loans

Flexibility for Dallas Buyers

  • Primary, 2nd, Investment
  • Great Rates & Low Fees 
  • Single and Multi-Family
  • Renovation Loan Programs

Dallas Jumbo Home Loans

Great Dallas Rates

  • Primary & 2nd Homes
  • Higher Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Dallas USDA Home Loans

Dallas Rural Properties

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes
  • Closing Costs Can Be Rolled In

Dallas Native American Loans

Dallas HUD 184 Loans

  • Primary Residence Only
  • Manual Underwrite All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Dallas Manufactured Home Loans

Dallas Mobile Homes

  • Purchase or Refinance
  • New Home Purchase
  • OTC Combo Land & Home
  • FHA, VA, USDA, & HUD 184

Dallas Reverse Mortgages

Your Dallas Home at Work!

  • Primary Residence Only
  • Simple Qualifying
  • Credit Scores Not Applicable
  • Minimum Age 62

Dallas Mortgage Refinance

Dallas Cash-Out or Rate and Term

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Dallas Non Qualified Mortgage

Making Dallas Mortgages Possible

  • Purchase, Refi & Cash-out
  • Primary, 2nd & Investment
  • Full Doc & Alt Doc Programs
  • Corporations OK

Dallas 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

Dallas Mortgage Company Reviews

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