Texas VA Mortgage Lender
Houston VA Home Loans
VA home loans help service members, veterans, and their surviving spouses access homeownership. It is a unique mortgage program offered to members of the military. Capital Home Mortgage offers VA loans to Houston military service members and veterans. If you or your spouse qualifies for this loan, you’ll enjoy the exclusive benefits it gives, like liberal application requirements and generous mortgage terms.Houston VA Loan Eligibility Requirements
The U.S. Department of Veteran Affairs (VA) guarantees a portion of the loan of qualified applicants while enabling borrowers to access up to 100% financing. However, the department doesn’t offer these loans. You can only get them at accredited private lenders in Houston like Capital Home Mortgage.1 ) Service Requirement
The Department of Veteran Affairs requires loan applicants to meet the following service requirements:- At least 81 days in peacetime
- At least 91 days of active duty during a war
- At least six years in the Reserves or National Guards
2) Income Requirement
There is no maximum or minimum income requirement for VA loans. Whether earning $500,000 or $50,000 annually, we’ll still look at your debt-to-income ratio and capacity to pay. However, VA loans consider residual income or the income that’s left after paying taxes, insurance, and mortgage payments.3) Credit Score Requirement
The VA home loan program itself doesn’t set a required minimum credit score but most lenders require a FICO score of 620 to qualify. However, this requirement rests upon the lender’s discretion. But fret not because borrowers with credit scores of 580 or below may still be eligible, with compensating factors, due to the guarantee granted by the Department of Veteran Affairs.Houston VA Loan Benefits
VA loans have generous benefits compared to other loans. They make home ownership for military members and veterans easy and accessible. Benefits include:- No down payment is required;
- No private mortgage insurance;
- Limited closing costs for buyers;
- No prepayment penalty for early settlement of the loan;
- Borrower assistance to prevent defaults.
Types Of VA Loans
A VA loan can be taken as a home purchase loan, cash-out refinance, interest rate reduction refinancing (IRRR), or a Native American direct loan. Get a home purchase loan if you’re a first-time homebuyer. Cash-out refinance is a good option for getting a better loan term and cash. An IRRRL loan will restructure your existing loan to get better interest rates or lower monthly payments.Apply For A Houston VA Loan
A VA loan gives unique benefits to the families of military service members and veterans. Generally, its financing terms are more generous and favorable than other home loan products. If you want to learn more about VA loans in Houston, our VA loan specialists at Capital Home Mortgage can explain them to you in greater detail. We understand that buying a home is a big deal, and we make sure to make it a hassle-free experience from start to finish. We also offer competitive rates and low fees, so you get a better all-around deal. Call us at (281) 674-7372 to speak with our Houston loan officers about your VA loan.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 the mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Houston VA Purchase Loans
Proudly Serving Active Duty, Retired and Disabled Veterans obtain homeownership. Call today to speak to a VA loan officer.
- Simply Qualifying for Veterans
- No Down Payments Requirements
- Lower Credit Scores Accepted
- Manual Underwriting Allowed
- No Monthly Mortgage Insurance
- Seller concessions to 4%
- higher debt to income Allowed
- Manufactured homes permitted
Houston VA Refinance
Proudly Serving Active Duty, Retired and Disabled Veterans to Save Money. Call today to speak to a VA loan officer.
- VA IRRRL Rate & Term
- Streamline Option
- No Appraisal Required
- No Income Verification
- Cash-Out or Loan Conversion
- Full Documentation
- Appraisal Required
- Income Verification Required
Houston VA Eligibility
- Active Duty – 90 days Wartime / 180 Days Peacetime
- Honorable Discharged – 22 Months of Completed Service
- National Guard / Reserves – 6 Years Completed Service
- Spouse of a Service Member who Died in the line of Duty or Service related Disability
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
The One Time Close Manufactured Home Loan offer options to purchase your dream home on your own land. Call today to speak to a Loan Officer.
- Purchase the Home and Land Together
- Include the Utilities and Home Setup
- Lock Rate at Contract
- Variety of Loan Programs to Choose From.
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
