Capital Home Mortgage Houston

Houston FHA home loans

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. Reach out to our loan officers to get 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 that 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 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 2022, the FHA Loan limits start at $420,680 for a one-unit property in a low-cost area and $970,800 in a high-cost area. However, a four-unit property in a high-cost area can be as much as $2,800,900. 

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 an old home and renovate it, 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

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

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 FHA Home Purchase Loans

FHA Purchase Mortgage Lender
FHA Home Loans are mortgage loans for 1st time home buyers, buyers with limited credit, buyers with less than perfect credit and buyers with higher debt to income ratios.  As the goal of FHA is to make homeownership more attainable, FHA underwriting guidelines are less strict than other mortgage loan programs.  This FHA flexibility allows for easier loan qualification making the barrier to homeownership less challenging.
  • Simple Qualifying
  • Smaller Down Payment
  • Seller Paid Closing Costs
  • Flexible Underwriting
  • Higher Debt to Income Ratios Allowed
  • Lower Credit Scores Allowed
  • Manufactured Housing OK

Texas FHA Refinance Home Loans

FHA Refinance Mortgage Loans

FHA offers a streamline refinances that simply reduces the interest rate and lowers the payment or shortens the term of the loan.  This rate and term option can be fully documented loans, or can be reduced documentation. The other FHA option is a cash-out refinance allowing homeowners the ability to access the equity in the property.

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 Mortgage Loans

FHA offers both a Steamline and Full Rehabilitation Loans.  This is a great option for 1st time homebuyers looking to purchase a home that needs a little TLC.

  • 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 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

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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