Capital Home Mortgage Killeen

Killeen FHA home loans

Killeen FHA Mortgage Lender

Killeen FHA Home Loans

Homeownership is a long-standing goal for many Americans, but it cannot be easy if you have less-than-perfect credit scores. The US Department of Housing and Urban Development (HUD) makes it easier to access the home financing you need through its federal mortgage assistance program — the Federal Housing Administration (FHA).

Are you looking to obtain an FHA home loan in Killeen? We can help you get the necessary funding here at Capital Home Mortgage. These loans can be an excellent option for first-time homebuyers or those who want to purchase homes but struggle with less-than-perfect credit.

Killeen FHA Loan Requirements

To qualify for an FHA loan in Killeen, you’ll need to meet specific criteria laid out by the HUD.

Starters need a credit score of 580 or higher – this is lower than the minimum requirement for most conventional loans. You’ll also need a down payment of 3.5% of the home’s purchase price, depending on how good your credit history is. Meanwhile, a borrower with a credit score from 500 to 579 may also be eligible for an FHA loan, provided you provide at least 10% as a down payment.

Since a home loan is a significant investment, your credit history will be checked thoroughly before approval. So, if you have bad or limited debt obligations such as taxes that need to get settled before applying for this opportunity, make sure they are paid off first, so these do not affect how likely we’ll approve the application.

Killeen FHA Loan Limits

The FHA loan limit is the maximum amount homebuyers can finance through the Federal Housing Administration’s mortgage insurance program. These loan limits are set at the county level and fluctuate yearly based on changes in median home values across the country.

FHA home loans in Killeen have loan limits based on the number of units in the home and the county’s median home price. According to the FHA website, its low-cost area range starts from $420,680 to approximately $809,150. On the other hand, its high-cost area ranges from $970,800 to $1,875,275.

Remember that checking with the FHA website every year is the only way to know if your limits have changed.

Types of FHA Loans in Killeen

Besides having loan limits, the FHA also offers different home loans that are perfect for borrowers. At Capital Home Mortgage, we offer a variety of loans for your home. You can choose from the standard FHA loan or Section 203(b), a renovation loan or Section 203(k), an energy-efficient mortgage program (EEMP), and a growing equity mortgage or Section 245.

  • 203(b)

The FHA 203(b) is the most popular home loan program, also known as the “regular” FHA loan. It is perfect for first-time homebuyers, requiring only a minimum down payment of 3.5%, and has more flexible credit requirements than others.

  • 203(k)

The “rehab” or “renovation” FHA 203(k) loan allows you to purchase a home and finance the repairs all in one loan. This type of mortgage can be perfect for buyers looking at fixer-uppers or foreclosure properties.

  • EEMP

The energy-efficient mortgage program helps borrowers finance energy-efficient home improvements into their mortgages. Acquiring this type of loan is an excellent option for those who want to make their homes more eco-friendly.

  • Section 245

The growing equity mortgage is for borrowers who expect their income to go up. Your monthly payments with this kind of loan start modest and progressively rise as you build equity in your home.

Apply for an FHA Loan in Killeen

If you think an FHA loan is perfect for you, don’t hesitate to contact Capital Home Mortgage. We’re a trusted mortgage company in Killeen that can help you through home buying. We’ll be with you every step, from finding the right home to obtaining the loan without hassles. 

Call us today at (254) 213-7343 to get started! 

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 & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Killeen 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

Killeen FHA Home Purchase Loans

FHA Purchase Mortgage Lender
  • Simple Qualifying
  • Smaller Down Payment
  • Seller Paid Closing Costs
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed
  • Manufactured Housing OK

Killeen FHA Refinance Home Loans

FHA Refinance Mortgage Loans

FHA Standard Refinance

  • Appraisal Required
  • 97.75% Max Loan to Value
  • Closing Costs Can Be Rolled In
  • 80% Max Loan to for Cash-out
  • Cash-out Option Available
  • County Loan Limits Apply

FHA Streamline Refinance

  • FHA to FHA
  • No Income Qualification
  • No Appraisal Required
  • Closing Costs Cannot Be Rolled In
  • No Lates on Mortgage in Last Year
  • Payment Must Drop on Fixed Rates

Killeen FHA Renovation Home Loans

FHA 203K Mortgage Loans

FHA 203K is a great option for makes cosmetic changes to an older home.  It allows a FHA buyer to update out of date cosmetics of a home as part of purchase or refinance.  Make that old home new with a Streamline 203K renovation.

  • Purchase & Refinance Options
  • Primary Residences Only
  • Single, Multi Family & Condo’s
  • As-Is Improved Renovated Value
  • 203K Streamline
  • Less < 35K, Cosmetic Repairs Only
  • 203K Full Rehab
  • Greater > 35K, No Restrictions
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

Killeen Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325

Killeen Mortgage Company Reviews

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