Capital Home Mortgage Laredo

Laredo Home Purchase Loans

Laredo Home Purchase Mortgage Lender

Home Purchase Loans In Laredo

Are you interested in purchasing a home in Laredo? Capital Home Mortgage can help extend you a mortgage for your home loan needs. As a direct mortgage lender, we provide a variety of mortgage packages to residents of Laredo.

Each type of mortgage loan has its rewards and peculiarities. Our mortgage experts at Capital Home Mortgage are pleased to assist you in any way they can, but let’s conduct a fast walkthrough to get you started.

Types of Home Loans

– Conventional-Conforming

Any mortgage loan not federally insured or guaranteed is referred to as a conventional loan (such as under the Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs). Conforming or non-conforming loans are both considered conventional loans.

  • Conforming – Loan amounts for conforming loans are limited by government regulations. In addition, the organizations that back conforming loans, Fannie Mae or Freddie Mac, set additional criteria. All loans that follow the guidelines set the government-sponsored enterprises are called “conforming loans.”
  • Non-Conforming – A nonconforming mortgage does not adhere to the rules of government-sponsored enterprises (GSEs), such as Freddie Mac and Fannie Mae, and cannot thus be sold to them. The GSE rules include, among other things, a maximum loan amount, appropriate properties, down payment requirements, and credit requirements.

– FHA

A government-backed mortgage that the Federal Housing Administration insures is known as an FHA loan. The FHA  insures the loan against future default by the borrower, eliminating the lender’s loss. In doing so, lenders can aggressively offer FHA-insured loans with lenient eligibility requirements.

– VA

A VA loan is a government-backed mortgage that supports the purchase, refinancing, and home improvements of eligible Veterans, service members, surviving spouses, and other individuals. Instead of the Department of Veterans Affairs, private lenders such as banks and mortgage firms offer VA loans. All VA home loans come with a no-money-down requirement.

– USDA

A USDA home loan is a mortgage with no down payment for qualifying rural borrowers. The United States Department of Agriculture issues USDA loans through the USDA loan program, often known as the USDA Rural Development Guaranteed Housing Loan Program. Direct and Guaranteed are the two types of USDA home loans available.

– Jumbo

A jumbo loan, also called a jumbo mortgage, is financing that exceeds the Federal Housing Finance Agency’s lending limits (FHFA). Unlike regular mortgages, jumbo loans cannot be acquired, insured, or securitized by Fannie Mae or Freddie Mac. Designed to fund luxury buildings and homes in highly competitive local real estate markets, jumbo mortgages have specific underwriting criteria and tax consequences.

Apply for a Home Purchase Loan in Laredo

Now is the time to enlist Capital Home Mortgage’s assistance in ensuring a simple home purchase for you. For more information regarding your Laredo home purchase financing, contact one of our Loan Officers at (956) 307-3422.

Why Laredo is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Laredo Great Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Laredo Customer Service

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

Laredo 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

Laredo Home Purchase Loans

Laredo Fixed Rate Mortgage Loans

All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.

Laredo Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage Loans known as ARM’s are  available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment.  ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.

Home Purchase Program Lender

Dallas Fixed Rate Mortgage Loans

All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.

Dallas Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage Loans known as ARM’s are  available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment.  ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.

Not Sure? Learn More About Other Laredo Purchase Programs
Laredo 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

Laredo Mortgage Company Reviews

Texas Cities

Houston Home Loans

San Antonio Home Loans

Dallas Home Loans

Austin Home Loans

Fort Worth Home Loans

El Paso Home Loans

Corpus Christi Home Loans

Laredo Home Loans

Lubbock Home Loans

Amarillo Home Loans

Brownsville Home Loans

Killeen Home Loans

Midland Home Loans

Waco Home Loans

Odessa Home Loans

Abilene Home Loans

College Station Home Loans

Beaumont Home Loans

Wichita Falls Home Loans

San Angelo Home Loans

San Marcos Home Loans

Galveston Home Loans

Tyler Home Loans

McAllen Home Loans

Stephenville Home Loans

Texarkana Home Loans

Round Rock Home Loans