Capital Home Mortgage Texas

TExas Home Purchase loans

Home Purchase lender Texas

Home Purchase Loans For Texas Home Buyers

If you’ve never purchased a home before, it may be a surprise to hear that multiple financing options are available. 

You have several types of home loans to choose from when buying a new home in Texas, each with pros and cons. As a prospective homebuyer, thoroughly research and understand your mortgage options. The home loan process can be extensive; determining early on which mortgage best meets your needs can make it easier for you to find the right property.

Mortgage Loan Options For Homebuyers In Texas

Before you begin your search for a new home to buy, you will need to find the most suitable mortgage to finance the purchase. 

Here are some of the most popular options among Texas homebuyers:

     1. Conventional Loans

Conventional loans refer to mortgages not guaranteed by the federal government. They come in two types: conforming and non-conforming.

As the name suggests, conforming loans conform to the credit, debt, and loan size standards established by the Federal Housing Finance Agency (FHFA).

On the other hand, non-conforming loans do not adhere to FHFA standards. They may be over the loan size limit for a particular area, or they may be offered to borrowers with not-so-perfect credit or who have undergone severe financial setbacks, such as bankruptcy.

A conventional mortgage is likely the best option for homebuyers with high credit scores and who can afford a significant down payment.

     2. Jumbo Loans

Jumbo loans are a type of non-conforming loan. They are aptly named because these home loans are used to finance the purchase of more expensive homes that exceed FHFA limits. Jumbo loans are popular in areas where homes are generally pricier, such as Los Angeles, San Francisco, New York City, and Hawaii.

A jumbo loan could be your best bet if you wish to finance a sum more than the most recent conforming loan restrictions. However, these loans are typically more stringent and require more extensive documentation. Unlike most conventional loans, jumbo loans require a larger down payment, a higher FICO score, and a lower DTI ratio.

  3. Government-Backed Mortgages

The United States government is not a mortgage lender but offers plenty of opportunities to more Americans to become homeowners. 

  • FHA Loans –  

These mortgages, backed by the Federal Housing Administration, are meant to make homeownership possible for people who don’t have the sizable down payment or impeccable credit required for most conventional loans. FHA loans offer maximum financing of 96.5 percent with a 3.5% down payment for borrowers with a FICO score of at least 580. However, those with scores of 500 – 579 may still qualify for an FHA loan with a 10% down payment; certain restrictions will apply.

  • USDA Loans – 

USDA loans help borrowers with moderate to low incomes purchase homes in rural areas. To qualify, you must acquire a house in a USDA-eligible location and meet specific income requirements. Qualified borrowers may obtain a USDA-guaranteed home loan with zero down payment.

  • VA Loans — 

The FHA and USDA-Guaranteed home loans are excellent alternatives for those who cannot qualify for a traditional loan owing to a low credit score or insufficient down payment funds. VA loans are reserved and the best choice for military service members, veterans, and spouses because of their excellent mortgage terms.

If you’re planning to purchase a fixer-upper, you may check out the FHA 203k loan or research other Texas home renovation loan programs.

Take A Step Closer To Your Dream Home

Although these options may initially appear daunting, you do not have to figure them out independently. Your Capital Home Mortgage loan specialist would gladly sit down with you, detail the differences, and suggest solutions that make the most sense for you.

You can count on our home loan experts to help you find a mortgage that meets your financial and lifestyle needs. Whether you are a first-time buyer or an experienced homeowner, we offer choices that will work for you.

Are you buying a new home? Get prequalified with Capital Home Mortgage now!

Why Texas 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

Texas 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

Texas Home Purchase Loans

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 fixed rate Mortgage Loans

All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.

Texas Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage Loans known as ARM’s are  available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment.  ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.

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

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

Texas Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

Texas Mortgage Company Reviews

Texas Cities

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