Capital Home Mortgage Texas

Texas Reverse Mortgages

Texas Reverse Mortgage Lender

Welcome to Capital Home Mortgage Texas.  Where our goal is simple, to provide Texas Seniors access to every Texas Reverse Mortgage product available while providing sound financial advice of the pros and cons to each of the Texas Reverse Mortgages.   We understand that considering a reverse mortgage is an important decision for seniors and that is why Capital Home Mortgage Texas provides dedicated points of contact throughout the reverse mortgage process to ensure that every question is answered and that you have the same representative to walk you through the process.  This assures outstanding customer service and provides a stress-free experience.  Capital Home Mortgage Texas is a direct Texas Reverse Mortgage Lender that offers seniors both refinance and purchase reverse mortgagees, while managing the entire lending process from beginning to end.  Our in-house processing and underwriting enables for quick, common sense approvals and timely closings.  Rest assured  we have complete control over everything from the application to the funding.

Thank you for the opportunity to earn your business.  Call today (800) 960-4565 to talk begin the process or to one of our Texas Reverse Loan Specialists. 

Texas Reverse Home Mortgages

Texas Reverse Home Mortgages

Reverse mortgages in Texas are regulated differently compared to other states due to unique state laws designed to protect homeowners.  To qualify for a reverse mortgage in Texas, homeowners must be at least 62 years old and own their primary residence outright or have a significant amount of equity in it or placing a large down payment on a new home purchase.

The Texas Constitution has specific provisions in it to protect homeowners from losing their homes through foreclosure.  One of the main protections is the “Home Equity Conversion Mortgage” (HECM) for Purchase (H4P), which allows seniors to purchase a new primary residence using a reverse mortgage.  Texas imposes a cap on the amount of money that can be borrowed through a reverse mortgage.  This cap is based on the appraised value of the home and varies depending on the county.  Before obtaining a reverse mortgage in Texas, homeowners are required to undergo Mandatory Counseling with a HUD-approved counselor.  This counseling session provides valuable information about the terms, costs, and implications of a reverse mortgage.

With a reverse mortgage, borrowers receive payments from the lender, and the loan balance increases over time.  The loan is typically repaid when the borrower moves out of the home, sells the property, or passes away.  In Texas, the borrower or their heirs have the option to repay the loan and keep the home, even if the loan balance exceeds the home’s value.

Texas law provides additional legal protections for reverse mortgage borrowers, including the right to rescind the loan within a certain timeframe after closing and restrictions on loan terms and conditions.  In Texas, heirs have protections in place to ensure they are not burdened with excessive debt if the loan balance exceeds the value of the home. They have the option to repay the loan at a discounted amount or allow the lender to sell the property to satisfy the debt.

Before considering a reverse mortgage in Texas, homeowners should consult with a Texas Reverse Mortgage Specialist to ensure they fully understand the reverse mortgage.

Texas Reverse Mortgages

Texas Reverse Mortgages

Retirement life can be challenging, and when you reach the age of seniority or 62 years old in Texas, you’ll potentially have the most extended holiday of your life.  You’ll say goodbye to going to work on Mondays and miss the fun of leaving work on Fridays.  After all, you’re retired.   However, retirement also means that you have limited sources of income.  While you may have insurance, pensions, and investments, they can be inadequate.  The good news is you can access additional financing through a Texas Reverse Mortgage.

A Texas Reverse Mortgage is a home mortgage program where the borrower gives up the equity in their home in exchange for a fixed amount of cash against the equity in their home.  The critical factor here is that the borrower owns and occupies the property as a primary residence.  Reverse mortgages provide qualified senior citizens with a steady stream of additional cash flow during retirement.

This mortgage program is a great way to realize the value of your investment.  Homes are still investments, and most people don’t enjoy their value because they can’t sell them.  With reverse mortgages, you can borrow against the value of your home, receive money from the mortgage, and get to keep staying in your home.  The loan must be repaid when the homeowner sells or vacates the property, or earlier under specific conditions, such as failure to pay property taxes, homeowners insurance, or neglect of home maintenance.

Capital Home Mortgage Texas offers reverse mortgages in Texas.  Call (800) 960-4565 to speak with our Texas Reverse Specialists and discover if a reverse is right for you.

Texas REverse Home Loans

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.

  • Purchase & Refinance
  • Primary Only
  • 62 Years or Older
  • Required Hud Counseling
  • Homeowners Insurance Required
  • Must Continue to Pay Taxes
  • Meet Required Equity Values

Texas HECM Reverse Mortgage

Texas Proprietary Reverse Mortgage

Texas single purpose Reverse

Texas HECM Reverse

Texas Home Equity Conversion Mortgages

A Texas Home Equity Conversion Mortgage is the most prevalent reverse mortgage type because it has no restrictions. In other words, you get to use the money in any way you want enabling seniors to access a portion of their home’s equity.  The HECM allows the borrower to withdraw cash in a fixed monthly amount, a line of credit, or a combination of both.  A HECM can also be used to purchase the borrower’s primary residence as well.  The HECM is insured and regulated by the U.S. Department of Housing and Urban Development (HUD), and under is under the division of the Federal Housing Administration (FHA).

  • Advantages of a HECM
    • No credit score requirements
    • Tax-exempt funds
    • No monthly loan payments are due.  Owner Still Responsible for Property Taxes, Insurance, Property Related Charges
    • Lenient income requirements
    • The ability to obtain funds based on their home equity
    • Depending on their preferences, homeowners can get cash through a line of credit, modified tenure, etc
  • Dis-Advantages of a HECM
    • Property must be their primary residence for most of the year
    • Must repay the HECM if they sell the home or relocate
Texas Proprietary Reverse

Texas Proprietary Reverse Mortgage

A Texas Proprietary Reverse Mortgage is a private mortgage that is not guaranteed by the federal government and is typically issued to borrowers who require more than the HECM maximum. It enables the homeowner to access the equity in their house and utilize the funds for any purpose.  However, they are not regulated; therefore, the loan terms might vary significantly between lenders.

  • Advantages of a Proprietary Reverse Mortgage
    • Homeowners can use the money from their home equity for anything they want.
    • Possible to get more money than with reverse mortgages insured by the government.
Texas single purpose Reverse

texas Single Purpose Reverse Mortgage

The Texas Single-Purpose Reverse Mortgage is a government or non-profit-backed option for accessing home equity for a particular purpose. A single-purpose reverse mortgage is an agreement between a lender and a borrower in which the lender gives the borrower money in exchange for a portion of the borrower’s home equity. The payments received by the borrower must be used for a specific purpose approved by the lender and specified in the loan.

  • Advantages of a Single-Purpose Reverse Mortgage:
    • Eliminating traditional mortgage payments and accessing home equity while still owning and living in the home.
    • Modifying an asset that would otherwise be hard to sell into cash that can be used to pay bills in retirement.
  • Disadvantages of Single-Purpose Reverse Mortgages:
    • As time goes on, the amount owed to the lender on the loan balance goes up. The home equity decreases as interest and fees are added to the loan balance each month.
    • With a single-purpose reverse mortgage, the money can only be used for the purpose approved and written into the loan.  This limits how the funds can be used.
Why Texas Seniors 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

Texas Reverse 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

Texas 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

Texas Mortgage Company Reviews

Texas Mortgage Programs

Texas Purchase loans

Looking to Purchase 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, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

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 a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Texas FHA Home loans

Great 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 Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Texas va Home Loans

100% Financing for Texas Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • 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 Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Texas Jumbo Home Loans

Texas Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Texas USDA Home loans

100% Texas Rural 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.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

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
  • Purchase, Refinance, and Renovation

Texas Manufactured Home loans

Great Texas Alternative 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
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Texas Reverse Mortgage Loans

Your Home Texas 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
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

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, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Texas One Time Close Home Loans

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 Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

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.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Texas Cashout Mortgage Loans

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
  • Dream Vacation
  • Higher Education

Texas Cities

Houston Home Loans

San Antonio Home Loans

Dallas Home Loans

Austin Home Loans

Fort Worth Home Loans

El Paso Home Loans

Corpus Christi Home Loans

Laredo Home Loans

Lubbock Home Loans

Amarillo Home Loans

Brownsville Home Loans

Killeen Home Loans

Midland Home Loans

Waco Home Loans

Odessa Home Loans

Abilene Home Loans

College Station Home Loans

Beaumont Home Loans

Wichita Falls Home Loans

San Angelo Home Loans

San Marcos Home Loans

Galveston Home Loans

Tyler Home Loans

Mcallen Home Loans

Stephenville Home Loans

Texarkana Home Loans

Round Rock Home Loans

Accessibility Toolbar