Killeen Conventional Mortgage Lender
Killeen Conventional Home Loans
You’ve probably heard of conventional home loans, but you may not know what they are. Conventional loans are not government-backed and are a popular mortgage option for many homebuyers because they offer various benefits, such as low-interest rates, flexible repayment terms, and low down payment requirements.
Conventional loans could be a good option if you are considering buying a home in Killeen, TX.
Conventional Loan Requirements
Mortgages that are not government-backed are known as conventional loans. However, a private lender is the one who issues it. And because of this, conventional loans often have stricter requirements than other types.
– Assets and Reserves
A conventional loan requires you to have enough assets and cash reserves to pay for your down payment, closing costs, and any unexpected expenses that may come up during the home-buying process. To prove so, you need to present bank statements of your checking, investment, or savings accounts.
Unfortunately, the downside to a conventional loan is that you are on the hook for expenses out of your pocket. So, we recommend you ensure you are set with cash for closing costs or haggle who will shoulder them.
In addition to the funds for closing, you should also show your asset reserves and provide the following asset documentation:
- Last two months’ bank statements;
- Most recent retirement account statements, 401k, IRA, etc.
– Credit
A strong credit score is vital to qualify for a conventional loan. We will look at your credit report and credit score to get an idea of your financial history and see how likely you are to repay your loan on time. A higher credit score indicates that you are a lower-risk borrower, which could result in a loan with a cheaper interest rate.
Remember that the minimum credit score for a conventional loan is 620, but if you have a lower credit score, it may be best to consider FHA loans instead.
– Employment
We might call your current employers to verify that you are indeed employed and what position, if any. Self-employed applicants must also submit additional paperwork supporting their business income. Meanwhile, a letter from the CPA who prepared the last two years’ tax returns should suffice but is only necessary until we have confirmation of credentials via other means.
– Income
Income is considered the bread and butter of any mortgage application. After all, a lender wants to see that you have the capacity to repay your loan. The following documentation is usually requested as part of your application:
- W-2s for the last two years;
- Pay stubs for the last 30 days;
- 1099s for the previous two years;
- Business and personal tax returns in the last two years plus year-to-date profit and loss statements for self-employed borrowers;
- Final divorce decree copy plus social security benefits letter if these are applicable.
Conforming Loan Limits
For your loan to be considered a conventional loan, it must fall within the maximum conforming loan limits regulated by the Federal Housing Finance Agency to be acquired by Fannie Mae and Freddie Mac.
For 2022, the conforming loan limit for a one-unit property is $647,200, depending on where you live in the United States. If your area has high living costs as Killeen does, then be sure to contact our Capital Home Mortgage experts to learn about any changes that may have happened since limits change yearly.
Apply for a Conventional Home Loan in Killeen
Capital Home Mortgage is here to help you every step of the way. We have a team of experienced mortgage professionals who can answer any questions you may have and guide you through the loan process.
Call us at (254) 213-7343 to get started with a no-obligation quote. We look forward to providing your next Conventional home loan in Killeen.
Why Killeen HomeBuyers are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates and Low Fees
Exceptional Service
7 Day a Week Support Application to Final Mortgage Payment
Killeen Conventional 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
Killeen Conventional Purchase Loans

Conventional Purchase Loans are one of the most popular types of loans and a great choice for many home buyers. Conventional mortgages can be used to purchase any type of occupancy, while FHA, USDA, VA and Native American Loans are restricted to primary residence only. Conventional mortgages are great for borrowers that have higher credit scores and typically have easier qualifying.
- Freddie Mac or Fannie Mae Insured
- Primary, 2nd or Investment Homes
- Single and Multi Family
- Condo’s and Manufactured Homes
- Mortgage Insurance Options
- Lower Rates & Fleixble Terms
- Maximum Loan Amount – $715,000
- High Balance (Varies By County)
Killeen Conventional Refinance Loans

Conventional Refinance Loans are used for more refinances than any other type of mortgage loan. This is due to Conventional loans allowing for all occupancy and property types and typically don’t require any mortgage insurance due to loan to value requirements. Conventional mortgages due require higher credit scores but offer better rates.
- Freddie Mac or Fannie Mae Insured
- Primary, 2nd or Investment Homes
- Single and Multi Family
- Condo’s and Manufactured Homes
- Mortgage Insurance Options
- Lower Rates & Fleixble Terms
- Maximum Loan Amount – $715,000
- High Balance (Varies By County)
Killeen Conventional Renovation Loans

Want a new home? Don’t want to purchase a home from a builder? Prefer the charm of an older home, or the elegance of a mature neighborhood… Or just want the perfect location close to town. Making your dream home come true might just be updating that older home.
- 95% LTV Primary Residence
- 97% LTV 1st Time Buyer Single Family
- 85% LTV on 1 Unit Investment
- 90% LTV on Second Home
- Minimum Credit Score 620
- Luxury Renovations are Eligible
- Maximum Loan Amount – $715,000
- High Balance (Varies By County)
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
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