Capital Home Mortgage Lubbock

Lubbock Home Loans

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Lubbock Texas Mortgage Company

Home Loans In Lubbock, Texas

Welcome to Capital Home Mortgage Lubbock. Even with today’s low property prices, acquiring a home is one of the costliest purchases you’ll ever make.  Thus, it is only rational to take your time and gain as much knowledge and insight as possible before signing on the dotted line.

You need to take a step back and ensure that your decision is logical and calculated — not an emotional one.  

Things To Keep In Mind Before Buying A House

By being as prepared as possible, you’ll be able to navigate an enormously complicated process while optimizing your investment successfully.

Here are four critical steps to ensuring your property search won’t end in a giant headache.

  1. Know what you can realistically afford.

A home is not simply a way to replace your rent with a mortgage. A home is a significant investment, and if the timing is off, it can turn into a substantial mistake! When looking to buy a new home, you first need to get preapproved for a mortgage. If your credit score and debts are less than ideal, you may want to consider paying down some debt, boosting your credit score, and increasing your savings before applying for a home loan.

Once you obtain pre-approval for a mortgage, it is critical to understand that the amount granted does not always correspond to the purchase price of the home you should be considering. Usually, re-approval rates are significantly higher than what you can realistically afford, so take a look at your budget and determine how much money you can spend each month before looking at properties.

  1. Factor in less obvious costs.

Additionally, it’s critical to remember that homeownership is more than just paying the monthly premiums. There are also annual property taxes, and if your down payment was less than 20% of the home’s purchase price, mortgage insurance. Over time, you’ll have to include the house’s upkeep and maintenance in your budget, too.

By planning and factoring in all additional costs, you will avoid unpleasant surprises and be prepared for unexpected expenses.

  1. Do your research.

When purchasing real estate, the most common mistake is failing to conduct adequate research. Some people rush in and make purchases, only to find themselves dealing with the consequences.

When purchasing a home, one can never be too prepared. Start by identifying the areas you wish to live in, and then consult real-estate websites to learn about recent sale prices and suburb profiles. Also, make it a point to speak with local real estate agents to get a sense of how the market in that suburb has been trending.

By taking your time and conducting the necessary research, you’ll significantly lower your risk of overpaying or settling for something you didn’t want.

  1. Negotiate.

The last thing you want to do is make an impulse purchase out of fear of saying no. Remember that walking away from a deal that isn’t right is perfectly acceptable. There will be other properties that meet your specifications.

Moreover, securing the right mortgage is just as critical as finding the right home at the right price. Even if you believe you’ve seen an excellent deal, you should shop around. Rates vary according to the lender. Picking the wrong lender could end up costing you a lot of money over the life of the loan.

The thing is, you should never feel compelled to make a hasty property purchase. Work according to your schedule and ensure that your demands are met before committing to anything.

Lubbock, TX Mortgage Lender

If you’re looking for a new home in Lubbock, Texas, you owe it to yourself to speak with one of our Home Loan Specialists. We conduct a needs-based analysis of your situation to recommend and offer the best possible home loan product for your specific requirements.

Here at Capital Home Mortgage, we do our best to make home-buying an excellent experience for our clients.

As such, we make a concerted effort to provide exceptional service and facilitate a seamless home buying process. 

We’ll Help You Find The Right Mortgage

Due to the unique nature of each home purchase, we begin by listening to your needs and goals to recommend the best course of action.

Whether you are a first-time home buyer looking for your dream home or an experienced buyer looking for investment properties, we have home loan programs to suit your needs and budget.

You can rely on our knowledgeable and experienced loan officers to provide guidance and insight, as well as the assistance you need to make you more confident about your choices.

 

Why Lubbock is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Lubbock Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Lubbock Customer Service

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

Lubbock Mortgage Rates

Capital Home Mortgage Lubbock is dedicated to offering great Lubbock Mortgage Rates and Low Fees all while providing exceptional customer service.  Our mortgage professionals are focused solely on home mortgage lending to make your experience smooth with an on time closing.  Call today to speak with a mortgage officer or request a no obligation quick rate quote.

Capital Home Mortgage Lubbock Texas Mortgage Team

Dale Gremillion

NMLS 210325
Managing Director

Kelvin Thompson

NMLS 2050042
Loan Officer

Nick Underwood

NMLS 264147
Loan Officer

Cristina Roca

NMLS 1926089
Loan Officer

Lubbock Home Loan Programs

Lubbock Home Purchase

Buying A New Lubbock Home?

  • Primary, 2nd Home, Investment
  • Low Rates & Low Fees
  • Conventional, FHA, VA, USDA
  • Jumbo, Renovation, Manufactured

Lubbock Mortgage Refinance

Lubbock Refinance & Save?

  • Save Money Today
  • Lower Monthly Payments
  • Reduce the Mortgage Term
  • Streamline Options Available

Lubbock FHA Home Loans

Great for Lubbock 1st Time Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores – Down to 500

Lubbock VA Home Loans

100% Financing for Lubbock Veterans

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Credit Scores Down to 500
  • Manual Underwriting Allowed

Lubbock Conventional Loans

Easy Qualifying for Lubbock Buyers

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Lubbock USDA Home Loans

100% Financing Lubbock Rural Homes

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes Allowed
  • Closing Costs Can Be Rolled In

Lubbock Jumbo Home Loans

Great Lubbock Rates & Flexible Options

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Lubbock Reverse Mortgages

Your Lubbock Home at Work!

  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • Credit Scores Not Applicable
  • Minimum Age 62

Lubbock Native American Loans

Helping Lubbock Native Americans

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Lubbock Manufactured Home Loans

Lubbock Manufactured Homes

  • Existing Purchase or Refinance
  • One Time Close Combo Land & Home
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans
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