Capital Home Mortgage Texas
Texas Non Qualified Mortgages
Texas Non Qualified Mortgage Lender
Texas Non-Qualified MortgageIt’s no secret that buying a home in Texas can be expensive. What’s more, qualifying for a traditional mortgage loan can be difficult for many Americans. Fortunately, with a non-qualified mortgage or Non-QM, you can purchase a home without going through the traditional lending process.
What Is a Non-Qualified Mortgage?In a nutshell, a non-qualified mortgage is a type of home loan that doesn’t conform to the guidelines set forth by the Consumer Financial Protection Bureau (CFPB), which is why it is called a “non-conforming loan.” Lenders who offer Non-QMs are not held to the same standards as those who provide qualified mortgages (QMs). Non-qualified mortgages are sometimes referred to as “portfolio loans” since they’re usually kept on the lender’s books instead of sold on the secondary market. Because of this, the guidelines for Non-QMs may be more flexible than those for QMs.
Non-Qualified Mortgage Eligibility and RequirementsWhile Non-QMs have more relaxed requirements than QMs, there are still some guidelines you’ll need to meet to qualify.
Debt-to-Income Ratio (DTI)
Proof of Income
Non-QM BenefitsSeveral benefits come with getting a Non-QM. One of the main advantages is that you can still qualify even if you don’t have a perfect credit score. While it is preferred to score at least 620, borrowers with a lower score may still qualify. Another perk of a Non-QM is that you’re not required to complete as much documentation and paperwork as you would with a QM. This can be helpful if you’re self-employed or have other sources of income that don’t fit into the traditional mold. Lastly, Non-QMs offer flexible terms. If you’re looking for a loan with a more extended repayment period, then Non-QMs could be an excellent option.
Get a Non-Qualified Mortgage in Texas With Capital Home MortgageApplying for a non-qualified mortgage in Texas can be a great way to get the home you want without jumping through all the hoops that come with qualifying for a traditional mortgage. At Capital Home Mortgage, we’re proud to offer some of the best non-qualified mortgages available in the state. We’re dedicated to making the process as easy and stress-free as possible for our clients. If you’re curious to learn more about our non-qualified mortgages or applying for one, contact us now at 800-960-4565.
Why TEXAS 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
TExas 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
Texas Mortgage Programs
Texas Home Purchase
Thinking of Buying a Texas 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
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
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
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