Houston FHA Mortgage Lender
Houston FHA Home Loans
To help Americans secure home ownership, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), insures home loans for lenders who offer affordable mortgage programs to borrowers with less-than-perfect credit scores. This is what the FHA home loan program is all about.
It aims to loosen mortgage requirements and reduce lenders’ risk.
Capital Home Mortgage offers FHA home loans in Houston, Texas. Contact our loan officers for more details about this mortgage program.
Houston FHA Home Loan Requirements
FHA Loans are less strict compared to conventional loans. Lenders can extend an FHA loan to borrowers with credit scores between 500 and 579, provided the borrower will pay at least a 10% down payment. However, if the credit score is 580 and above, the down payment can be as little as 3.5%, depending on your credit history.
Your credit history also affects the outcome of the FHA loan application. If you fall behind on paying your monthly revolving and installment obligations, the chances of getting approved become slim. But if you have an excellent payment history, your credit score will be significantly higher and affect your application positively.
Houston FHA Loan Limits
The FHA revises loan limits annually. For 2024, the FHA Loan limits start at $498,257 for a one-unit property in a low-cost area and $1,149,825 in a high-cost area. However, a four-unit property in a high-cost area can be as much as $2,211,600.
Visit the HUD website to get the latest FHA mortgage limits.
Types of FHA Loans
Capital Home Mortgage offers the standard FHA loan or Section 203(b), renovation loan or Section 203(k), an energy-efficient mortgage program, and growing equity mortgage or Section 245.
FHA 203(b)
An FHA 203(b) loan is the mortgage product for purchasing a home, but we prefer to call it an FHA Purchase Loan. If you are a first-time homebuyer and still building your creditworthiness, an FHA purchase loan has more liberal requirements to help you secure your first home.
FHA 203(k)
An FHA 203(k) home renovation loan can cover simple repairs or significant structural improvements. There are two types of FHA 203(k) loans: (a) the standard and (b) limited. The standard FHA 203(k) can be used to purchase and renovate an old home, while the limited FHA 203(k) is intended for simple repairs of less than $30,000.
EEM Program
The energy-efficient mortgage (EEM) program helps families finance home energy efficiency improvements with the help of FHA.
Section 245
The growing equity mortgage or Section 245 loan aims to help borrowers who expect their income to rise. Payments at the start of the mortgage are low but gradually increase over time.
Get An FHA Loan In Houston
Capital Home Mortgage is dedicated to providing the best loan products in Houston. Our loan specialists can help you decide which FHA program best suits your situation. As direct mortgage lenders, we control the loan from application and funding while giving our borrowers competitive rates and low processing fees.
Contact us now at (281) 674-7372 to get started.
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 mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Texas FHA Home Purchase Loans
- Simple Qualifying
- Smaller Down Payment
- Seller Paid Closing Costs
- Flexible Underwriting
- Higher Debt to Income Ratios
- Lower Credit Scores Allowed
- Manufactured Housing OK
Texas FHA Refinance Home Loans
FHA Standard Refinance
- Appraisal Required
- 97.75% Max Loan to Value
- Closing Costs Can Be Rolled In
- 80% Max Loan to for Cash-out
- Cash-out Option Available
- County Loan Limits Apply
FHA Streamline Refinance
- FHA to FHA
- No Income Qualification
- No Appraisal Required
- Closing Costs Cannot Be Rolled In
- No Lates on Mortgage in Last Year
- Payment Must Drop on Fixed Rates
Texas FHA Renovation Home Loans
FHA 203K is a great option for makes cosmetic changes to an older home. It allows a FHA buyer to update out of date cosmetics of a home as part of purchase or refinance. Make that old home new with a Streamline 203K renovation.
- Purchase & Refinance Options
- Primary Residences Only
- Single, Multi Family & Condo’s
- As-Is Improved Renovated Value
- 203K Streamline
- Less < 35K, Cosmetic Repairs Only
- 203K Full Rehab
- Greater > 35K, No Restrictions
Houston Mortgage Programs
Houston Home Purchase
Thinking of Buying a Houston 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
Houston renovation home loans
Looking to Rehab a Houston 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
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
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
