Capital Home Mortgage Midland
Midland Home Loans
Mortgage Lender Midland Texas
Home Loans In Midland TexasMidland is the 24th most populous city in Texas, founded as a midway point between Fort Worth and El Paso on the Texas and Pacific Railroad in 1881. It is the hometown of former First Lady Laura Bush, the former home of former Presidents George H. W. Bush and George W. Bush, and former First Lady Barbara Bush. A home is a good investment, but many homebuyers – especially first-time homebuyers – make the mistake of buying a home before they are financially ready or fully understand what huge responsibility it is. If you’re going to pay thousands of dollars into a mortgage for the next 30 years, you must know exactly what a mortgage is and what it entails.
Understanding MortgagesA mortgage comprises three essential parts: the down payment, the monthly payments, and the fees. The monthly payment is the amount required to repay the mortgage over the loan term and includes both principal and interest payments. Property taxes and other fees are also typically included in the monthly payments. The fees are the various costs associated with obtaining the loan, such as the closing costs. The down payment is the amount paid upfront to obtain a mortgage. The larger your down payments, the more favorable your financing terms will be. If you put a 20% down payment or more, you’ll save money on your mortgage, pay fewer fees, and build equity in your home more quickly.
Conventional vs. Government-Insured MortgagesMortgages are classified into two categories: conventional loans, issued by a private lender or banking institution, and government-backed loans.
- Conventional loans are any loans that are not government-insured, guaranteed, or subsidized. If the borrower defaults on the loan, the lender faces financial loss.
- Government-insured loans, also known as non-traditional loans, are exactly what they sound like: government-insured loans. FHA loans and VA loans are two popular mortgages guaranteed by the government.
Fixed-Rate vs. Adjustable-Rate MortgageAfter selecting a loan, you’ll need to determine whether you want a fixed or adjustable-rate mortgage. Your selection determines the rate of interest you will pay. A fixed-rate mortgage requires the borrower to make the same monthly payment throughout the loan’s term. When you sign the loan documents, you agree to a fixed interest rate that will not change. This is the optimal loan type if interest rates are low at the time you obtain a mortgage. With an adjustable-rate mortgage, the interest rate on your loan can fluctuate in response to market conditions. If interest rates increase, your mortgage and the monthly payment will also increase. If interest rates fall, your mortgage rate will fall along with your monthly payment. Maintaining a fixed-rate loan is generally prudent to protect against rising interest rates. You can refinance your mortgage if rates fall to take advantage of the lower rates.
Mortgage Lender In Midland, TexasSuppose you’re in the market for a new home in Midland, Texas. In that case, our home loan specialists can help you conduct a needs analysis of your situation to recommend and offer the optimal home loan product for your unique circumstances. Here at Capital Home Mortgage, we strive to make homeownership an enjoyable experience. As such, we do our best to provide superior service and to facilitate a stress-free home-buying process for our clients.
We Got You!Because each home purchase is unique, we begin by listening to your needs and goals to recommend the best course of action. Whether it’s your first-time home buyer or an experienced buyer looking for investment properties, we have home loan programs to fit your needs and budget. You can rely on our capable and experienced loan officers to offer you guidance and valuable insight into the home-buying market, as well as the assistance necessary to increase your confidence in your choices. Thank you again for your interest in our services, and we look forward to providing you with the next Midland mortgage loan. Call us at (432) 218-4828.
Why Midland HomeBuyers are Choosing Capital Home Mortgage
Close On Time
Control of the Loan from Application to Funding
Great Rates & Low Fees
Direct Lender Providing Competitive Rates and Low Fees
Exceptional Customer Service
7 Day a Week Support Application to Final Mortgage Payment
Midland 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
Midland Mortgage Programs
Midland Home Purchase
Thinking of Buying a Midland Home?
Looking to Purchase a Home? We have the loan 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
Midland renovation home loans
Looking to Rehab a Midland 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
Midland FHA Home Loans
Great for 1st Time Midland 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
Midland VA Home Loans
100% Financing for Midland 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
Midland Conventional Home Loans
Flexibility for Midland 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
Midland Jumbo Home Loans
Midland 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
Midland USDA Home Loans
100% Rural Midland 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
Midland Native American Home Loans
Midland 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
Midland Manufactured Home Loans
Great Alternative Midland Housing
Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
- Existing Purchase or Refinance
- OTC Land/ Home Combo
- Lock Rate Before Completion
- FHA, VA, USDA, & Native Loans
Midland reverse mortgages
Your Midland 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
Midland Non QM Home Loans
Making Midland 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
Midland One Time Close Home Loans
Build Your Midland 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
Midland Refinance Mortgage Loans
Midland 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
Midland Cash-out Home mortgages
Midland 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