Capital Home Mortgage Houston

Houston Manufactured Home Loans

Houston Manufactured home Lender

Houston Manufactured Home Loans

Prices of houses climb when there’s a low inventory of houses in the area you want to live in. It can be more expensive if you build a home from scratch. An affordable alternative for low-income families is to go for manufactured homes. 

Capital Home Mortgage offers maximum financing for one-time close construction and manufactured home loans in Houston.

What Is A One-Time Close Construction Loan?

A one-time close construction loan is a loan program that combines purchasing a manufactured home and the parcel of land where it will be constructed. This loan makes it more convenient for manufactured homebuyers to pay for the house and lot without getting two separate loans. You can also lock in your rate for both purchases and get single funding.

What Is A Manufactured Home?

A manufactured home is a prefabricated house assembled and permanently installed in the lot where it will stand. Before June 15, 1976, people referred to this as a “mobile home.” 

However, the U.S. Department of Housing and Urban Development released safety standards for this type of housing and referred to it as “manufactured homes.”

Home Loan Requirements

The requirements for a one-time close construction loan depend on your chosen loan program. You can get a conventional, FHA, USDA, or VA loan, depending on your qualifications and credit history.

Types Of Construction Loans

Below are the loan programs that Capital Home Mortgage offers for manufactured home loans:

  • Conventional Loan

This type of loan has stricter requirements regarding credit scores and asset reserves. You may qualify for this loan if you have a credit score above 620. However, you can get lower interest rates with an excellent financial background and credit history.

  • FHA

FHA loans accommodate borrowers that don’t have high credit scores. If your credit score is 580 and above, you can get an FHA one-time close in Houston with as low as a 3.5% down payment. But if your score is 500, you may still qualify if you agree to a minimum of 10% down payment.

The FHA construction one-time close combines the cost of acquiring land and the cost of building a single-family residence in one loan. Borrowers may only close on the loan once, thereby eliminating the closing cost of two loans.

  • USDA

The USDA construction loan is for qualifying rural or suburban housing areas. You can choose this loan program if the location of your choice qualifies under USDA requirements. Your household income must not exceed the median income.

  • VA

Service members, veterans, or spouses may get a VA construction loan. With the updated VA guidelines, it is now easier to get a VA construction loan, unlike in the past. VA loans require a credit score of at least 620 to qualify.

Get A One-time Close Construction Loan In Houston

Capital Home Mortgage can help you secure the right one-time close construction loan in Houston. Our loan specialists are standing by to answer any questions you may have about the loan process and provide any assistance necessary to ensure an enjoyable home buying experience. 

Call us at (281) 674-7372 to get started on your loan application. 

Why Houston 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

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 mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Texas Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas 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

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

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

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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