Capital Home Mortgage Lubbock

Lubbock home purchase loans

Lubbock Home Purchase lender

Home Purchase Loans In Lubbock

Lubbock is the 11th most populous city in the United States state of Texas and the county seat of Lubbock County. The city is also the 86th most populated in the United States, with a population of 257,141 in 2020.

Lubbock is the economic, educational, and health-care core of the multicounty region north of the Permian Basin and south of the Texas Panhandle, known as the South Plains, hence its nickname, “Hub City.” The region is the world’s largest cotton-growing region and relies mainly on water from the Ogallala Aquifer for irrigation.

Lubbock has a stable real estate market. Lubbock home values have improved by 19.3% in the last year and 38% since 2017. The median listing price for a property in Lubbock is $245,000. Lubbock has a median listing price per square foot of $129. Are you looking to purchase a home in Lubbock? Capital Home Mortgage can help make your dream a reality.

Home Loans In Lubbock

     – Conventional Loan

A conventional mortgage or conventional loan is any type of home loan not granted or guaranteed by a government agency. Private lenders, such as banks, credit unions, and mortgage agencies, offer conventional mortgages as an alternative. However, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) can guarantee selected traditional mortgages.

     – FHA Loans

The Federal Housing Administration insures FHA loans, which shield lenders from financial risk. Lenders must meet specific criteria for their loans to be labeled “FHA-approved,” after which the FHA guarantees the loans issued by the lender if a borrower defaults on the mortgage. Borrowers must meet certain eligibility conditions to be eligible for one of these loans.

     – VA Loans

A VA loan is a mortgage loan in the United States guaranteed by the Department of Veterans Affairs (VA). The program is available to American veterans, military members currently serving in the United States military, reservists, and certain surviving spouses. VA loans are used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes, and new construction. The VA does not originate loans; instead, it establishes who may qualify, gives minimum norms and qualification requirements, and financially guarantees loans that meet the program’s requirements. 

The primary goal of the VA home loan program is to provide home financing to eligible veterans and to assist veterans in purchasing houses with no down payment. Qualified VA-approved lenders may issue the loan.

     – USDA Home Loans

The Home Loans Program of the United States Department of Agriculture (USDA) provides mortgages to low-income residents of rural areas who, under normal circumstances, cannot acquire a traditional mortgage.

The primary goal of the USDA home loan program is to assist low-income rural residents living in unsanitary or unsafe situations to enable them to purchase a home equipped with modern services and sufficient living space.

If you reside in a rural location and cannot qualify for a conventional loan, you might be eligible for a USDA Guaranteed Loan or a USDA Direct loan.

     – Non-Qualified Mortgage

A Non-Qualified Mortgage (Non-QM) is a loan that does not meet the qualifications of a qualified mortgage and relies on non-traditional means of income verification to enable a borrower to obtain a home loan. These loans are intended for borrowers who have unusual income qualification situations.

Non-QM loans do not meet the requirements of the Consumer Financial Protection Bureau (CFPB) to be considered qualified mortgages. A qualified mortgage complies with the CFPB’s “ability to repay” regulation, which mandates that lenders evaluate your financial situation and set loan terms that you are likely to be able to repay.

Apply for a Home Purchase Loan in Lubbock

Capital Home Mortgage is a full-service home mortgage company that provides a comprehensive range of mortgage products, including FHA, VA, Conventional, USDA, Jumbo, HUD Native American, and Reverse Mortgages. Thank you for considering Capital Home Mortgage, your full-service mortgage lender. We look forward to assisting you with your home loan needs. Call (806) 589-3428 to speak with one of our Home Loan Specialists.

Why Lubbock 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

Lubbock 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

Lubbock 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

Lubbock 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

Lubbock 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

Lubbock Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132
Jordan Mowrey

Jordan Mowrey

SR Loan Officer
NMLS 210325

Lubbock Mortgage Company Reviews

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