Capital Home Mortgage Houston

Houston Reverse Mortgage Loans

Texas Reverse Mortgage Lender

Houston Reverse Mortgage

Got some equity built up in your home? You can use that to obtain financing through a reverse mortgage

You can think of a reverse mortgage as a loan against the value of your home. If your net worth is tied up to your home, getting a reverse mortgage can convert the value of your home to cash. However, you must first build high equity in your home and be 62 years or older before you can qualify for a reverse mortgage. 

Capital Home Mortgage is a Houston reverse mortgage lender. Our HUD-certified reverse mortgage counselors can walk you through the steps of obtaining this type of loan. But first, let’s explain what reverse mortgages are all about. 

How Reverse Mortgages Work

In a reverse mortgage arrangement, the borrower receives money from the lender on a monthly, quarterly, annual, or lump sum basis depending on the agreement. 

Reverse mortgages provide additional cash flow to homeowners with high home equity. If the homeowner dies or leaves the property, the lender has the right to sell the house and take its proceeds as payment for amortization payments.

Benefits of Reverse Home Mortgage in Houston

Reverse home mortgages let you convert your home equity into cash. Converting it into cash is one way of enjoying your investment in your home. 

Another benefit would be additional cash flow. Seniors aged 62 or older can utilize reverse mortgages to have extra cash flow during retirement and enjoy their homes’ value. 

Capital Home Mortgage offers three types of Houston reverse mortgage programs. Let’s go over them in the following sections. 

Single-purpose Reverse Mortgage

A single-purpose reverse mortgage is the standard reverse mortgage without government backing. You can access this mortgage program if offered by state, local, and nonprofit agencies. 

This program is not as popular because lenders impose fund usage limitations. For interest rates, lenders place a margin above the base rates. If the index rate is 2% and the lender’s margin is 2%, the interest rate would be 4%. 

HECM Reverse Mortgage

HECM or Home Equity Conversion Mortgage dominates the reverse mortgage market because there are no restrictions on fund usage. You can use the fund for any purpose, unlike single-purpose reverse mortgages.

To qualify for the HECM program, the borrower must:

  • Be at least 62 years or older
  • Live at the property as their primary residence
  • Complete the HUD counseling program with a HUD-certified counselor
  • Meet required home equity values

Aside from borrower requirements, the property being applied for a HECM must:

  • Be a single-family home or two- to four-unit home with one being occupied by the applicant
  • Be approved by the HUD and FHA

Proprietary Reverse Mortgage

A proprietary reverse mortgage is like HECM but not federally insured. With this type of mortgage, you can borrow against your home’s equity, pay off the outstanding mortgage balance, and take the excess cash. Since proprietary reverse mortgages don’t have general backing, they usually have high-interest rates.

Apply For A Houston Reverse Mortgage

Get a reverse mortgage from our reverse mortgage specialists. Capital Home Mortgage is committed to providing the best Houston reverse mortgage for your needs. 

Let’s discuss reverse mortgages to learn more about our application process, competitive rates, and low processing fees. Get in touch by calling (281) 674-7372 to speak with our loan officers. 

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 REverse Home Loans

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.

  • Purchase & Refinance
  • Primary Only
  • 62 Years or Older
  • Required Hud Counseling
  • Homeowners Insurance Required
  • Must Continue to Pay Taxes
  • Meet Required Equity Values
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?

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

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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