Capital Home Mortgage Odessa

Odessa VA Home Loans

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Odessa VA Mortgage Lender

Welcome to Capital Home Mortgage Odessa Texas. Are you wondering about Odessa VA Home Loans, Odessa VA Mortgage Rates and if you should use your Texas Veteran Loan? We can help you understand the advantages of an Odessa Texas VA Home Mortgage and if it is the right time to use your VA benefit for the current mortgage loan. Capital Home Mortgage Texas is a direct Odessa VA Mortgage Lender, which means Capital Home Mortgage has VA direct authority to underwrite and approve your home loan. This control of the loan process and loan approval allows for streamline operations resulting in a quick and stress-free experience.

Ready to get started? Call now and one of our Odessa VA mortgage professionals will answer your questions and walk you through the application and pre-approval. Thank you for allowing us the opportunity to provide your Dallas VA home financing needs.

Why Odessa is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Odessa Rates

Odessa Mortgage Lender Providing Competitive Rates and Low Fees.

Odessa Customer Service

7 Day a Week Support from Application to Final Mortgage Payment.

Odessa Mortgage Rates

Capital Home Mortgage Odessa is dedicated to offering Great Odessa Mortgage Rates.

Call now to speak with a Loan Officer or request a no obligation custom rate quote.

Call Now to Speak with a Loan Officer or Request a no Obligation Rate Quote

Odessa VA Purchase Loans

VA Home Loans are 100% financing with no loan limits provided the veteran has full entitlement available. The goal of the VA is to guarantee the loan for lenders in order to make homeownership easier and desirable for all active duty service members, active duty reservists, honorably discharged veterans, as well as retired and disabled service members.

No Down Payment / No Loan Limits
No Monthly Mortgage Insurance Required
Simple Qualifying/ Flexible Underwriting
Seller Paid Closing Costs up to 4%
Higher Debt to Income Ratios Allowed
Alternate Credit Allowed
Manufactured Housing Permitted (Subject to Restrictions)

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Odessa VA Refinance Loans

The VA Home Mortgage Program offers two types of refinances. The streamline refinance, known as an interest rate reduction loan requires minimal documentation and must provide the veteran savings in payment or a reduction in term. The regular refinance is for cash-out and for conversions when a veteran is changing their mortgage over to a VA loan.

Streamline Option
- VA IRRRL Rate and Term
- No Appraisal / No Income Verification Required
Full Documentation
- Cash-Out Option (Not Available in Texas)
- Loan Conversions

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Odessa VA Mortgage Information

Odessa VA Loan Requirements

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 as a result of Sevice realted Disability

Odessa VA Funding Fees

VA Purchases – First Use
- 0% to 5% Down Funding Fee 2.3%
- 5% or Higher Down Payment Funding Fee 1.65%
- Subsequent Uses Funding Fee 3.6%
VA Cash-Out Refinances or VA Refinance Conversions
- First Use 2.3%
- Subsequent Uses 3.6%
- VA IRRL Refinance 0.5%
No Funding Fee with 10% or Higher Disability

Not Sure? Take a Look at Other Odessa Mortgage Programs

Texas Mortgage Team

Conor Hayhurst

Managing Director

NMLS 743506

Kelly Cameron

Loan Officer

NMLS 178093

Kelvin Thompson

Loan Officer

NMLS 2050042

Jonathon Cummins

Loan Officer

NMLS 270657

Texas Mortgage Company Reviews

What is a Texas VA Home Loan?

VA Home Loans are for active duty service members, active reservists, honorably discharged service members, as well as retired and disabled service members.VA stands for “Veterans Administration”, which oversees all Veteran benefits including home loans. Established in 1944 and part of the GI Bill or Rights, VA set out to help men and women who served their country catch up to their civilian counterparts by establishing credit and building financial wealth. It’s important to understand that VA does not lend money, VA instead provides lenders a guarantee that covers the lender from loss in the event of foreclosures. In simple terms VA insures a portion of the loan that the buyer would have normally had to put down to qualify allowing for a zero down payment. VA loans require an upfront mortgage insurance fee, which can be financed into the loan, from each borrower. This fee supports the guarantee fund and makes the 100% VA home loan possible. Veterans with a minimum of 10% disability are exempt from the funding fee.