Capital Home Mortgage Dallas

Dallas VA Home Loans

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Dallas VA Mortgage Lender

Dallas VA Home Loans

Are you a veteran, National Guard member, reserve, or a surviving spouse of any of these three in the Dallas area and are looking for a home loan? A great option to consider is the VA home loan, a mortgage program backed by the Department of Veterans Affairs.

While many mortgage companies offer VA home loans in Dallas, Capital Home Mortgage is committed to providing you with a hassle-free home-buying experience. We are direct mortgage lenders, so that we can offer competitive interest rates, flexible underwriting, and low processing fees. 

Dallas VA Eligibility Requirements

Capital Home Mortgage believes American veterans deserve the same opportunities as everyone else, including getting a VA home loan. For fairness and to ensure these benefits are reserved for those deserving, borrowers must meet some eligibility requirements.

  • Service Requirement

The first requirement is that for at least six years, you or your spouse must have served in the military, National Guard, or reserves. Other conditions set by the Department of Veteran Affairs include being in service for at least 81 days in peacetime and rendering at least 91 days of active duty service during a war.

  • Income Requirement

A maximum or minimum income is not a requirement for VA loans in Dallas. Regardless of your annual earnings, salary is not a basis for granting you a VA home loan.

The Department of Veterans Affairs only mandates that your income is stable and sufficient to pay or cover the new mortgage payment, other debts, and monthly expenses. Another consideration is your debt-to-income ratio. Meanwhile, VA loans account for your residual income or the money left after paying taxes, insurance, and mortgage payments.

  • Credit Score Requirement

No minimum credit score is required when applying for a VA home loan in Dallas with Capital Home Mortgage. We will assist you regardless of your credit history to get you the best deal possible. We understand things happen, and your credit score should not be the only factor determining your loan eligibility.

However, other lenders require a FICO score of at least 620 to qualify for a VA home loan, resting upon their discretion. However, this requirement is not a concern since alternative trade lines are allowed if you don’t have the credit score to qualify for a VA home loan.

Dallas VA Loan Benefits

The generous benefits of the VA loan make homeownership easy and accessible for military members. These include:

  • Borrower assistance for default prevention
  • Buyer limited closing costs
  • No down payment required
  • No prepayment penalty for early loan settlement
  • No private mortgage insurance

Apply For A Dallas VA Loan

Obtaining a VA home loan in Dallas can be complicated if you try it alone. Let our expert loan officers at Capital Home Mortgage help you through the process. As a direct lender specializing in VA mortgage products, we are here to provide all the assistance needed to obtain your home financing. 

Contact us at (214) 372-0015 to start your Dallas VA home loan application.

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 VA 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 VA Purchase Loan

  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance
  • Simple Qualifying
  • Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income  Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted
VA Purchase Home Lender
  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance
  • Simple Qualifying
  • Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income  Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted

Dallas VA Refinance Loan

  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal Required
    • No Income Verification Required
  • Full Documentation
    • Cash-Out or Loan Conversion
    • Appraisal Required
    • Income Verification Required
VA Interest Rate Reduction Refinance Lender
  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal Required
    • No Income Verification Required
  • Full Documentation
    • Cash-Out or Loan Conversion
    • Appraisal Required
    • Income Verification Required

Dallas VA Loan Information

Dallas VA Loan Requirements

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability

Dallas VA Funding Fee

  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability
VA Home Loan Information

Dallas VA Loan Requirements

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability

Dallas VA Funding Fee

  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability
Not Sure? Take a Look at Other Dallas Mortgage Programs

Dallas 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

Dallas Mortgage Company Reviews

What is a Dallas VA Home Loan?
VA Home Loans are for active duty service members, active reservists, honorably discharged service members, as well as retired and disabled service members.VA stands for “Veterans Administration”, which oversees all Veteran benefits including home loans. Established in 1944 and part of the GI Bill or Rights, VA set out to help men and women who served their country catch up to their civilian counterparts by establishing credit and building financial wealth. It’s important to understand that VA does not lend money, VA instead provides lenders a guarantee that covers the lender from loss in the event of foreclosures.  In simple terms VA insures a portion of the loan that the buyer  would have normally had to put down to qualify allowing for a zero down payment. VA loans require an upfront mortgage insurance fee, which can be financed into the loan, from each borrower.  This fee supports the guarantee fund and makes the 100% VA home loan possible.  Veterans with a minimum of 10% disability are exempt from the funding fee.
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