Capital Home Mortgage Galveston

Galveston Home Loans

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Galveston Mortgage Lender

Home Loans In Galveston, Texas

Welcome to Capital Home Mortgage Galveston. Galveston is a coastal city on the Southeast Texas coast on Galveston Island and Pelican Island. Named after the Spanish military and political leader in the 18th century, Bernado de Galvez y Madrid, it was built in 1816 by French pirate Louis-Michel Aury to help fight for independence from Spain.

The Galveston real estate market is somewhat competitive; home prices were up 9.4% in December of 2021 compared to the prior year, with a selling median price of $315k.

 For many first-time homebuyers, buying a home has become more overwhelming than ever. With most of the millennial generation burdened with student loan debt, saving for a down payment and improving one’s credit rating has become extremely difficult.

But while it can be a little more challenging, first-time homebuyers can get approved for a mortgage. There are flexible home loan programs tailored to make homeownership a reality for many Americans.

A Quick Guide to First-Time Homebuyer Loans and Programs

The government has designed several home loan programs to aid first-time homebuyers. These home loans generally offer lower down payments, interest rates, and credit requirements — the most prevalent issues plaguing first-timers. 

The top four government initiatives geared toward assisting first-time homebuyers include the following:

     1. FHA Loans

The Federal Housing Administration insures FHA Loans, an agency of the U.S. Department of Housing and Urban Development agency. This guarantee provided by the government safeguards mortgage lenders if a borrower defaults on their mortgage.

FHA loans demand lower down payments and have better interest rates and closing fees than conventional loans. You can put down as little as 3.5 percent of the purchase price of your home if you have a credit score of 580 or better. These factors make FHA loans an excellent choice for first-time homebuyers who want to purchase a property but have less-than-ideal credit or don’t have enough money to make a substantial down payment.

     2. VA Loans

VA loans are a popular financing option for military personnel. These loans are guaranteed by the United States Department of Veterans Affairs and are available to active-duty military personnel, surviving spouses, and veterans. The VA guarantees a portion of this loan and offers attractive interest rates. They do not require a down payment, making this loan an attractive option for service members with little finances.

     3. USDA Loans

The United States Department of Agriculture has a home loan program that assists people who want to buy homes in specific rural locations around the country. First-time homeowners are eligible for zero-down financing on USDA loans.

The credit score criteria for USDA loans are slightly higher than FHA loans. Homebuyers with a credit score of 640 or higher usually qualify for a USDA loan with a straightforward application process. Those with scores below 640 may still apply but must almost certainly comply with more requirements.

Also, the USDA loan program has income restrictions that vary by location. You may only obtain a USDA loan if your income is within the limit.

Galveston, Texas Mortgage Lender

Home loans aren’t a one-size-fits-all product. Prospective homeowners have much to consider when comparing the many mortgage loans available. Your credit score, income, debt, and the location of the property you want to acquire have some bearing on the home-buying process and the types of mortgages available to you.

Our home loan experts at Capital Home Mortgage will help you understand your options and make the best possible choice. As a full-service home mortgage company, we offer a comprehensive range of mortgage options from conventional loans, FHA loans, VA loans, USDA loans, and Jumbo loans to Non-Qualified mortgage loans.

Start Your Homeownership Journey With Us!

Capital House Mortgage understands that purchasing a home is a significant milestone, which is why we do our best to make the process easier and more convenient for our clients.

When you work with us, you can expect competitive rates, reasonable fees, and a stress-free home-buying experience. We are dedicated to offering superior customer service and facilitating a seamless transaction from application to closing. 

Call us at 800-960-4565 to get started.

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

Control of the Loan from the Application to Funding.

Great Galveston Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Galveston Customer Service

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

Galveston 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

Galveston Mortgage Loans

Galveston Home Purchase

Buying a Galveston Home?

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

Galveston Renovation Home Loans

Galveston Rehab Loans

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

Galveston FHA Home Loans

1st Time Galveston Homebuyers

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

Galveston VA Home Loans

100% Loans for Galveston Veterans

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

Galveston Conventional Home Loans

Flexibility for Galveston Buyers

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

Galveston Jumbo Home Loans

Great Galveston Rates

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

Galveston USDA Home Loans

Galveston Rural Properties

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

Galveston Native American Loans

Galveston HUD 184 Loans

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

Galveston Manufactured Home Loans

Galveston Mobile Homes

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

Galveston Reverse Mortgages

Your Galveston Home at Work!

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

Galveston Mortgage Refinance

Galveston Cash-Out or Rate and Term

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

Galveston Non Qualified Mortgage

Making Galveston Mortgages Possible

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

Galveston Mortgage Team

Conor Hayhurst

Managing Director
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

Chris Erwin

Loan Officer
NMLS 914064

Dale Gremillion

NMLS 210325

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