Dallas Jumbo Mortgage Lender
Dallas Jumbo Home Loans
Some properties come with super high price tags that exceed the conforming limits for Conventional and government-backed mortgages. You’ll need Jumbo loans to finance these properties. These mortgages exceed the conforming loan limits set by Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency.
If you’ve been eyeing a high-end property in Dallas, our team at Capital Home Mortgage is here to help you obtain a Jumbo home loan. We understand that buying a high-priced home comes with challenges, so we offer various flexible financing options to meet your needs.
Jumbo Loans vs. Conforming Loans
The main difference between Jumbo and conforming loans is the amount of money you’re borrowing. Jumbo loans are for high-priced homes that cost more than the maximum amount allowed for conforming loans.
Conforming loans are the best choice for most people as they adhere to FHFA limits, making them easier to obtain. Meanwhile, Jumbo loans don’t meet these guidelines and exceed the loan limits set by government-sponsored enterprises.
As a result, they’re considered riskier for both lenders and borrowers since they can’t be sold to government-sponsored enterprises in the event of default.
Qualifying for a Jumbo Loan
Jumbo loans are not for the faint of heart. With higher amounts and requirements beyond what most people need, these types of financing come with risks you might not want to take on your house payment. Additionally, since they are more expensive than conventional and are not government-backed, they have stricter requirements.
If you want to take out a Jumbo Loan, your credit score must be at least 720. Some lenders will only provide loans for those with higher scores. We recommend checking your credit score and history before applying for a Jumbo home loan in Dallas. This way, you’ll know immediately if you qualify or not.
In addition to having an excellent stellar credit score, your payment history will be scrutinized more carefully. Any late payments, bankruptcies, or foreclosures will make it harder to qualify for a Jumbo loan.
Ideally, your debt-to-income ratio (DTI) must be below 45%, and you should be able to afford a down payment of 10 to 30% of the sales price.
Furthermore, you’ll need to provide documents that verify your income and employment. These documents include but are not limited to bank statements, financial statements, pay stubs, tax returns, and W-2 statements. We may also ask for other kinds of proof as needed during the application process, so it’s best to keep them on hand!
Get a Jumbo Home Loan in Dallas Today
At Capital Home Mortgage, we understand that buying a home is a considerable investment. We also know that some homebuyers dream of an exclusive property, which is why we work with homebuyers to help them get suitable Jumbo home loans for their needs.
Our team prides itself on ensuring our clients have an enjoyable mortgage and home-buying experience. Get in touch today by calling (214) 372-0015. We look forward to providing your next Dallas Jumbo loan.
Why Dallas HomeBuyers are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Low Fees
Exceptional Service
7 Day a Week Support 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 Jumbo Home 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 Mortgage Programs
Texas Home Purchase
Thinking of Buying a Texas Home?
Looking to Purchase a Home? We have the loan program 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
The One Time Close Manufactured Home Loan offer options to purchase your dream home on your own land. Call today to speak to a Loan Officer.
- Purchase the Home and Land Together
- Include the Utilities and Home Setup
- Lock Rate at Contract
- Variety of Loan Programs to Choose From.
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