Capital Home Mortgage Houston

Houston Jumbo Home Loans

Houston Jumbo Mortgage Lender

Houston Jumbo Home Loans

Sometimes the house of your dreams comes at a high price. Perhaps it is located in an upscale neighborhood where home prices are in the millions. Unfortunately, Conventional loans don’t cover homes beyond the maximum loan limits set by Fannie Mae and Fannie Mac. As such, you’ll need a different type of home loan.

If you’re planning to buy luxury houses and properties, the most appropriate mortgage program would be a Jumbo loan

Capital Home Mortgage offers Jumbo loans in Houston. Here’s what you need to know. 

Qualifying For A Jumbo Loan 

Jumbo loans can cover homes that are beyond loan limits. They can be more than a million dollars depending on the property. Hence, Jumbo loans have stricter requirements than conventional loans. 

  • Credit Score

Lenders often impose a minimum credit score of 700 to qualify for a Jumbo loan. It can go higher to 720 at the lender’s discretion. If you currently have a lot of debt, we recommend paying them off before applying for a Jumbo loan. Reducing your current obligations can also improve your credit score and credit history.

  • Assets & Reserves

Mortgage lenders also focus on your assets and reserves regarding Jumbo loans. They want to determine if you have enough assets to afford the loan. Lenders also want to know if you’re liquid enough to pay future mortgage payments. Hence, having enough cash in the bank, including investment accounts, can give plus points to your application.

The minimum down payment for conventional loans is 20% to skip private mortgage insurance. But for Jumbo loans, it can be as high as 30%, depending on the lender.

  • Employment and Proof of Income

Lenders might ask for proof of income like federal tax returns, W-2 statements, bank statements, and pay stubs. Business owners will be asked to provide financial statements for at least two years as proof of stable business income and a current profit and loss statement. 

Aside from proof of income, underwriters may contact current or previous employers to verify your employment and ask for character reference.

  • Debt-to-income Ratio

A high monthly income won’t necessarily offset high monthly debt payments. Your debt-to-income ratio can affect your Jumbo loan application if it’s too high. Ideally, the maximum DTI is 45%, but a lower figure is preferred.

Jumbo Loan vs. Conforming Loan

Conforming loans have maximum loan limits per state and county. For 2022, Texas’ conforming loan limit is $647,200 for all counties. You should get a Jumbo loan if a house is above the limit. Fannie Mae and Freddie Mac revise loan limits annually.

Apply For A Jumbo Loan With Capital Home Mortgage

Qualifying for a Jumbo loan in Houston can be more challenging because of stringent requirements. Our loan specialists at Capital Home Mortgage are here to assist in your Jumbo loan application. Our direct mortgage lending services handle all applications from pre-approval to funding. We can also give you competitive interest rates plus low processing fees. 

Give us a call now at (281) 674-7372 to get started with your Houston Jumbo loan process. 

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 Jumbo Home 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 Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas 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

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

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

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

Houston Texas 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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