Capital Home Mortgage Houston

Houston home purchase loans

Houston Home Purchase lender

Houston Home Purchase Loan

Getting the proper financing is the first step in buying a home in Houston. Like most people, this usually means obtaining a home purchase loan. 

Each home loan product has its unique benefits and characteristics. Of course, our mortgage specialists here at Capital Home Mortgage are happy to provide any assistance you may need, but let’s do a quick walkthrough to help you get started. 

Types of Houston Home Purchase Loans 

There are different types of home purchase loans in Houston, and it’s essential to understand which one best suits your needs so you can begin working on the eligibility requirements. 

     1) FHA Loans

FHA loans are suitable for borrowers with low credit scores or little cash for a down payment. The government backs these loans through the Federal Housing Administration (FHA), enabling lenders to accept borrowers with average or below-average credit history. 

To get an FHA loan in Houston, you’ll need a credit score of at least 580 to qualify for a 3.5% down payment. Anything lower, and you’ll need to put up a down payment of at least 10% of the property’s purchase price.

     2) VA Loans

Members of the U.S. military or their surviving spouses can get a VA home loan for zero down payment. 

One of the most notable features of VA loans in Houston is that there are no prepayment penalties, meaning you are not penalized for paying off the loan early. No mortgage insurance premiums are required, plus the property seller can contribute to the closing costs. VA home loans typically require a 620 score to qualify.

     3) Conventional-Conforming Loans

Conventional-conforming loans are mortgages with terms meeting Fannie Mae’s and Freddie Mac’s requirements. They are not government-backed and suitable only for borrowers with above-average credit scores. Since this loan is conforming, the maximum loan amount should not exceed the limit that changes yearly. 

Our credit score requirement is 620, but we prefer a higher score for more chances of approval.

     4) Jumbo Loans

Suppose the house you’re planning to buy is beyond conforming loan limits. You’ll need to obtain a Jumbo loan. This loan product is ideal for homes beyond the million-dollar mark or certain homes in expensive U.S. cities, such as New York and Los Angeles. 

The Houston Jumbo home loan program has stricter requirements than conventional loans due to the higher amounts involved. They also have a more stringent credit score, asset, and income requirements. 

     5) Non-qualified Mortgage Loans

Are you a self-employed individual with variable income? Or are you a retiree living off pension and investment? A non-QM mortgage loan is perfect for borrowers that can’t satisfy all conventional loan requirements like income and asset reserves. 

At Capital Home Mortgage, you can choose from different non-QM mortgage programs, such as the Salaried Borrowers Mortgage Loans, Debt Service Coverage Mortgage Loans, and Bank Statement Mortgage Loans.

Buying A Home In Houston

Purchasing your dream home in Houston doesn’t have to be a hectic process. At Capital Home Mortgage, we are committed to providing you with the best possible customer service every step of the way. As direct mortgage lenders, we control the loan from application to funding, allowing us to offer competitive rates and low processing fees. 

Apply For A Home Loan In Houston

Let Capital Home Mortgage help ensure a smooth home buying process for you today. Call (281) 674-7372 to speak with our loan officers about your Houston home purchase loan.

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 Home Purchase Loans

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 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.

Houston 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.

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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