Capital Home Mortgage Midland

Midland VA Home Loans

Midland VA Mortgage Lender

Midland VA Home Loans

Are you thinking of buying a home in Midland, TX? You might be qualified for a VA-guaranteed home loan if you’re a veteran or are currently serving in the military. And the good news is that this loan offers many benefits that no other home loan program can match.  While the VA does not originate mortgages, it provides certain guarantees to private lenders who service VA loans. Because of these guarantees, lenders can offer VA loans with fewer requirements, and eligible borrowers can get low-interest mortgages even if their credit isn’t perfect. What more? You can get even better terms and rates on your VA home loan when you apply through a direct mortgage lender like Capital Home Mortgage.

Top Reasons To Get a Midland VA Home Loan

The VA home loan is a one-of-a-kind mortgage program that non-military homebuyers wish they could take advantage of. As long as your income, assets, credit, and military service fall within the VA loan requirements, you can take advantage of a home loan with the following benefits:
  • There is no need for a down payment or mortgage insurance.

Homebuyers must wait and save for years before getting a mortgage because most home loans call for a down payment of between 3.5 and 20 percent. With a VA loan, though, you can apply immediately. There is no need to worry about the down payment because there is none. You also avoid exorbitant mortgage insurance premiums, saving you hundreds of dollars monthly and significantly enhancing your purchasing power.
  • You can use the home loan benefit multiple times.

The primary consideration for VA loan eligibility is the length of military service. Once you’re eligible, you’re eligible for life – even if you served 50 years ago. Furthermore, you can take advantage of your VA home loan benefit often. After completing your mortgage payments, you may get another VA loan to purchase a new primary home or refinance your current one.
  • VA loans have lower interest rates.

VA loan interest rates are typically 0.25 percent lower than a conventional loan. This is mainly due to the protection against default provided by the VA guarantee. Furthermore, VA loans have some of the lowest foreclosure rates among all mortgage products. These advantages boost lender confidence, resulting in lower interest rates and more manageable monthly payments.
  • You can use a VA loan to buy a home, refinance, or tap into your home’s equity.

Aside from home purchases, you can also use a VA loan to refinance your existing mortgage, regardless of whether it is a VA loan. When interest rates fall, the VA streamline refinance provides borrowers with a faster, less expensive way to refinance with better rates. On the other hand, the VA cash-out refinance allows you to convert all of your home’s equity into cash. Refinancing with a VA loan is a great option for eligible homeowners currently paying mortgage insurance or dealing with other unfavorable loan terms.
  • Funding fees could be waived.

The VA typically charges a funding fee ranging from 0.50 percent to 3.3 percent of the loan amount. However, only some pay the VA funding fee. Veterans receiving disability benefits for injuries sustained in the line of duty are exempt. Veterans who are entitled to disability compensation but are instead receiving retirement or active duty pay are also exempt from paying funding fees.
  • The VA loan can finance different types of properties.

You can use a VA loan to purchase different properties, including single-family homes, multi-unit dwellings, manufactured homes, or even condominiums. Homebuyers often overlook condos, but they are great places to start. Most of the time, they cost less than single-family homes and are usually the more affordable option in many cities.

Experienced VA Lender in Midland, TX

The VA loan is, without a doubt, the best and most cost-effective option for eligible borrowers. If you’d like to take advantage of the program’s benefits, work with a seasoned VA lender like Capital Home Mortgage.  Please put your trust in us and see for yourself why we’re among the best in the field! Contact us today at (432) 218-4828!
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 VA Purchase Loans

VA Purchase Mortgage Lender
  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed
  • No Monthly Mortgage Insurance
  • Seller concessions to 4%
  • higher debt to income Allowed
  • Manufactured homes permitted

Midland VA Refinance

VA Refinance Mortgage Lender
  • VA IRRRL Rate & Term
  • Streamline Option
  • No Appraisal Required
  • No Income Verification

Midland VA Eligibility

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability
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

Jordan Mowrey

SR Loan Officer
NMLS 210325

Midland Mortgage Company Reviews

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