Capital Home Mortgage Midland

Midland home purchase loans

Midland Home Purchase lender

Midland Home Purchase Loans

Few things are more meaningful than buying a home for the first time. And for many people, this is the most crucial financial decision ever made. 

A mortgage loan enables you to purchase a home for yourself or your family and is also an essential component of your financial security. When the value of your home increases, so does your net worth. Many homeowners will later remortgage their homes to obtain desperately needed funds.

A mortgage loan enables you to purchase a home for yourself or your family and is also an essential component of your financial security. When the value of your home increases, so does your net worth. Many homeowners will later remortgage their homes to obtain desperately needed funds.

Your Home Loan Options in Midland, TX

There’s nothing like the thrill of buying your first home. But before you apply for a mortgage, you should carefully consider your home loan options to ensure you’re getting the most out of your hard-earned savings.

You may use the following types of home loans and mortgage programs to buy a home in Midland:

  •  Conventional Loans

Any mortgage not provided or insured by the government is considered a conventional loan. They are, by far, the most popular type of home loan, available through virtually every mortgage lender in the country.

  • FHA Loans

FHA loans are government-backed mortgages, specifically by the Federal Housing Administration. These loans are intended to make mortgages more accessible to middle- and low-income borrowers. You can get them from FHA-approved lenders near you.

  • VA Loans

Veterans and their surviving spouses are eligible for VA home loans, guaranteed by the Department of Veterans Affairs. These loans have features not found in most mortgage programs, such as zero down payment and no mortgage insurance premiums.

  • USDA Loan

The USDA Home Loan is another government-insured mortgage offered to rural homebuyers. Like the VA loan, it typically requires no down payment, but you can only use it to purchase a primary home located in USDA-eligible areas.

  • Jumbo Loans

Jumbo loans are mortgages that exceed the conforming loan limits Fannie Mae and Freddie Mac set. These loans are ideal for purchasing luxury homes or properties in major cities or other high-cost areas. 

Fixed-Rate vs. Adjustable-Rate Mortgage

Aside from the type of home loan, another important choice you have to make as a homebuyer is between a fixed-rate and an adjustable-rate mortgage. 

  • Fixed-Rate Mortgage

Most people choose fixed-rate mortgages because they have the same payment schedule for the life of the loan, which can be anywhere from ten to thirty years.

  •  Adjustable-Rate Mortgage

Adjustable-rate mortgages have variable annual percentage rates. They are a good choice for people who want to sell or refinance their homes within the next five to ten years, as the initial mortgage interest rates are relatively low.

Down Payment and Fees

Most conventional home loans require a down payment of between 5% and 20%, while FHA-guaranteed loans need borrowers to put down at least 3.5%. Some government-backed mortgages, like the USDA and VA loans, may be obtained without any down payment, but they are for only a specific group of borrowers. 

Aside from the down payment, mortgages have other fees that must be paid during the closing, collectively referred to as the “closing costs.” The closing costs can be anywhere between 2% and 6% of the loan value, but there are several mortgage assistance programs available to homebuyers who could use some financial help. 

Need Help with Your Midland Home Loan?

Capital Home Mortgage is a full-service mortgage company serving homebuyers in Midland and the rest of Texas. We have a wide range of mortgage options, including FHA, VA, Conventional, USDA, Jumbo, and HUD 184 loans for Native Americans.

We are a direct mortgage lender, which means we can offer you lower rates and fees without sacrificing the high-quality service you deserve. Our mortgage experts are here to answer any questions and streamline the application process for your convenience.

We’ve made a name for ourselves in Texas by providing outstanding service to homeowners, and we’re ready to put our expertise to work for you.

Why Midland 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

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 mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Midland Home Purchase Loans

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

Midland 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.

Midland 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.

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

Midland Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Midland Mortgage Company Reviews

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