Capital Home Mortgage Killeen

Killeen VA Home Loans

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Killeen VA Mortgage Lender

Killeen VA Home Loans

Killeen VA home loans help eligible veterans and their families finance a home purchase. Backed by the Department of Veterans Affairs, these loans are less expensive than traditional loans. If you’re interested in applying for a Killeen VA home loan, you’ll need to contact a local lender to learn more about the program and get started on the application process.

Fortunately, there’s no need to look any further than Capital Home Mortgage, a VA-approved lender here to help those who have served our country realize their homeownership dreams. If you’re ready to start your Killeen home search, we can help you get pre-qualified for a VA loan and enjoy its many benefits.

Killeen VA Eligibility Requirements

Many homebuyers are interested in taking advantage of the benefits offered by the VA loan program. VA loans are government-backed loans that offer eligible borrowers significant advantages. If you’re considering applying for a VA loan in Killeen, it’s essential to understand the eligibility requirements of a VA loan.

  • Service Requirements 

The first step in determining your VA loan eligibility is establishing that you meet the service requirements. You must have served in one of the following capacities to be eligible for a VA loan:

  1. At least 91 days of active duty service during wartime 
  2. At least 81 days of active duty service during peacetime 
  3. Reserve duty during wartime or peacetime 
  4. National Guard duty during wartime or peacetime 
  • Income Requirements 

You must demonstrate you have a reliable income. When determining your eligibility, your lender will consider your employment history, income stability, and current earnings. 

While VA loans don’t have a maximum or minimum income requirement, they consider your debt-to-income ratio and capacity to pay. The Department of Veterans Affairs is also concerned with your ability to cover the mortgage, other debts, and monthly expenses. They also look at what’s left over after those things are taken care of, which could be called residual income or money from taxes paid and insurance premiums.

  • Credit Score Requirements 

Capital Home Mortgage understands that no matter your credit history, you should be eligible for a VA home loan in Killeen. We work with all applicants to get the best possible deal. VA sets credit score requirements to ensure you’re a responsible borrower. 620 is the required credit score. You may still be eligible for a loan even if your credit score is lower than this threshold.

Killeen VA Loan Benefits

There are many reasons to apply for a VA loan in Killeen. Some of the most popular VA home loan benefits include the following: 

  • No down payment requirements 
  • Competitive interest rates 
  • Flexible credit standards 
  • No private mortgage insurance (PMI) is required
  • No prepayment penalty for settling early loans
  • Borrower assistance to avoid defaults
  • Limited closing costs
  • Easier qualification than conventional loans

Apply for a Killeen VA Loan

We can assist you in taking advantage of the VA loan program. At Capital Home Mortgage, we’re proud to offer Killeen VA loans to eligible borrowers. As direct lenders, we can provide the lowest interest rates and conditions. We’re also committed to customer service.

To get started, call us at (254) 213-7343, and our professional loan officers will walk you through the following steps. 

Why Killeen is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Killeen Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Killeen Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Killeen VA 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 VA Purchase Loan

  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance
  • Simple Qualifying
  • Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income  Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted
VA Purchase Home Lender
  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance
  • Simple Qualifying
  • Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income  Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted

Killeen VA Refinance Loan

  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal Required
    • No Income Verification Required
  • Full Documentation
    • Cash-Out or Loan Conversion
    • Appraisal Required
    • Income Verification Required
VA Interest Rate Reduction Refinance Lender
  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal Required
    • No Income Verification Required
  • Full Documentation
    • Cash-Out or Loan Conversion
    • Appraisal Required
    • Income Verification Required

Killeen VA Loan Information

Killeen VA Loan Requirements

  • 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

Killeen VA Funding Fee

  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability
VA Home Loan Information

Killeen VA Loan Requirements

  • 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

Killeen VA Funding Fee

  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability
Not Sure? Take a Look at Other Killeen Mortgage Programs

Killeen 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

Killeen Mortgage Company Reviews

What is a Killeen VA Home Loan?
VA Home Loans are for active duty service members, active reservists, honorably discharged service members, as well as retired and disabled service members.VA stands for “Veterans Administration”, which oversees all Veteran benefits including home loans. Established in 1944 and part of the GI Bill or Rights, VA set out to help men and women who served their country catch up to their civilian counterparts by establishing credit and building financial wealth. It’s important to understand that VA does not lend money, VA instead provides lenders a guarantee that covers the lender from loss in the event of foreclosures.  In simple terms VA insures a portion of the loan that the buyer  would have normally had to put down to qualify allowing for a zero down payment. VA loans require an upfront mortgage insurance fee, which can be financed into the loan, from each borrower.  This fee supports the guarantee fund and makes the 100% VA home loan possible.  Veterans with a minimum of 10% disability are exempt from the funding fee.
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