Capital Home Mortgage Houston

Houston Conventional Home Loans

Houston Conventional Mortgage Lender

Houston Conventional Home Loans

If you’re looking to finance a home purchase but are not eligible for government-insured home loans, you’ll likely need a conventional loan. A conventional home loan is a primary source of financing for people with decent credit scores, stable income and employment, and good credit history. These loans don’t have government backing like FHA, USDA, and VA loans

Capital Home Mortgage offers conventional loans in Houston for both new and repeat homebuyers. 

To learn more about our conventional home loan program, contact our loan specialists to discuss this mortgage product with you in greater detail.

Conventional Loan Requirements

Since conventional loans aren’t government-insured, we require higher qualification requirements to compensate for the risks of borrowing. If you can’t tick off most of the requirements below, we recommend choosing a government-insured loan program like FHA or USDA.

1) Proof of Income

Your capacity to pay monthly mortgage payments depends on your income. We accept employed and self-employed individuals as long as the following documents are presented:

  • Most recent thirty days of pay stubs;
  • Last two years of W-2 statements;
  • Two years of personal and business tax returns, if self-employed;
  • Previous two years’ 1099s;
  • Year-to-date Profit and Loss Statement, if self-employed;
  • Social security benefits letter, if applicable;
  • Copy of final divorce decree, if applicable.

If you have other sources of income, we might require you to submit additional proof or documentation.

2) Employment Verification

For employed applicants, we might call your employers to verify your employment history and salary. Self-employed applicants will be required to submit additional paperwork that supports their business and income. A letter from the CPA who prepared the last two years’ tax returns may be necessary.

3) Assets & Reserves

Bank statements of your savings, checking, or investment account are requirements to prove that you have enough cash for the down payment and closing costs. In a conventional loan, you will shoulder out-of-pocket expenses that you can’t refinance to the loan. We highly recommend that you set aside cash for closing costs or haggle with the seller of the house regarding who will shoulder closing costs. On top of the funds for closing, all borrowers must also show asset reserves.

All borrowers are required to provide the following asset documentation:

  • Last two months’ bank statements;
  • The most recent retirement account statement, 401k, IRA, etc.

4) Satisfactory Credit History 

Your credit score is an essential requirement in the loan application process. Regardless of how large you can put as a down payment, a low credit score may impact the success of your application. 

As a minimum requirement, the credit score for a conventional loan should be at least 620, but a higher score is preferred for higher chances of approval. If your credit score is below 620, we recommend considering FHA loans.

Conventional Loan Limits

Fannie Mae and Freddie Mac set loan limits to standardize mortgages in the United States. Every year, loan limits change. 

Get a Home Purchase Loan at Capital Home Mortgage in Houston

Please speak to our loan officers today about your Conventional home loan in Houston. Our commitment at Capital Home Mortgage is to provide the best mortgage service to clients. And since we are a direct mortgage lender, we can deliver a more streamlined loan process from application to funding. 

Give us a call at (281) 674-7372 to get started with a no-obligation quote.

Why Houston HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Control of the Loan from Application to Funding

Great Rates & Low Fees

Direct Lender Providing Competitive Rates and Low Fees

Exceptional Customer Service

7  Day a Week Support Application to Final Mortgage Payment

Houston 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

Houston Conventional Purchase Loans

Conventional Purchase Mortgage Lender

Conventional Purchase Loans are one of the most popular types of loans and a great choice for many home buyers. Conventional mortgages can be used to purchase any type of occupancy, while FHA, USDA, VA and Native American Loans are restricted to primary residence only. Conventional mortgages are great for borrowers that have higher credit scores and typically have easier qualifying.  

  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Fleixble Terms
  • Maximum Loan Amount – $715,000
  • High Balance (Varies By County)

Houston Conventional Refinance Loans

Conventional Refinance Mortgage Lender

Conventional Refinance Loans are used for more refinances than any other type of mortgage loan.   This is due to Conventional loans allowing for all occupancy and property types and typically don’t require any mortgage insurance due to loan to value requirements. Conventional mortgages due require higher credit scores but offer better rates.  

  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Fleixble Terms
  • Maximum Loan Amount – $715,000
  • High Balance (Varies By County)

Houston Conventional Renovation Loans

Conventional Renovation Mortgage Loans

Want a new home? Don’t want to purchase a home from a builder?  Prefer the charm of an older home, or the elegance of a mature neighborhood… Or just want the perfect location close to town.  Making your dream home come true might just be updating that older home. 

  • 95% LTV Primary  Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Minimum Credit Score 620
  • Luxury Renovations are Eligible
  • Maximum Loan Amount – $715,000
  • High Balance (Varies By County)
Houston Mortgage Programs

Houston Home Purchase

Thinking of Buying a Houston Home?

Looking to Purchase a Home? We have the loan 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

Houston renovation home loans

Looking to Rehab a Houston Home?

What 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

Houston FHA Home Loans

Great for 1st Time Houston 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

Houston VA Home Loans

100% Financing for Houston 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

Houston Conventional Home Loans

Flexibility for Houston 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

Houston Jumbo Home Loans

Houston 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

Houston USDA Home Loans

100% Rural Houston 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

Houston Native American Home Loans

Houston 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

Houston Manufactured Home Loans

Great Alternative Houston Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Houston reverse mortgages

Your Houston 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

Houston Non QM Home Loans

Making Houston 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

Houston One Time Close Home Loans

Build Your Houston 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

Houston Refinance Mortgage Loans

Houston 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

Houston Cash-out Home mortgages

Houston 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

Houston 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

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