Capital Home Mortgage Round Rock

Round Rock Home Loans

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Round Rock Mortgage Lender

Home Loans In Round Rock, Texas

Welcome to Capital Home Mortgage Round Rock. Part of the Greater Austin metropolitan area, Round Rock is the seventh-best American small city to live in, according to Money magazine’s August 2008 publication. The real estate market in Round Rock trended up 43.1% year-over-year with an average per square footage of $221, which is very competitive.

As exciting as being a homeowner might be, a lot of skepticism always accompanies it. And while it’s better to make the purchase when you feel 100% ready, there are circumstances where buying a home is a matter of urgency. 

Down Payment Requirement

When purchasing a property, you will typically be required to make an initial payment equivalent to a percentage of the home’s total purchase price. This is referred to as the down payment. Homebuyers, especially first-time homebuyers, often need help to achieve this amount.

The required down payment amount varies according to the type of loan you apply for and other factors. And although there are mortgages that don’t require a down payment, not everybody can qualify for them.

If zero-down-payment loans are not an option, applying for down payment assistance may help you fund your first home.

Do You Qualify As A First-Time Home Buyer?

Most government and charitable programs have stringent criteria for determining who qualifies as a first-time homebuyer. 

A first-time home buyer is anybody who has not owned any interest in a real estate property in the last three years. There are different home loan programs, some specific to first-time home buyers.

Down Payment Assistance Programs

Organizations may sponsor down payment assistance programs, including your local or state housing authority or a nonprofit organization. Typically, they take the form of:

  • Grants – 

The grant is the most valuable type of down payment aid. This is because grant funds are considered “gifts,” and homeowners never have to repay them.

  • 0% Interest Forgivable Loans – 

Forgivable mortgage loans are second mortgages that do not need repayment as long as the borrower resides in the home for a specified number of years.

  • 0% Interest Deferred-Payment Loans – 

Deferred payment loans are also second mortgages you are not required to pay for until you move, sell, refinance your mortgage or finish paying your first loan.

  • Low-Interest Loans – 

Your lender (or another organization) may offer you the chance to obtain a second mortgage with your first simultaneously. The proceeds from this loan can be used to cover your down payment. Some lenders or organizations may offer these second loans to first-time homebuyers at no interest.

  • Matched Savings Programs – 

In a matched-savings program, a bank, government agency, or nonprofit organization, agrees to match whatever amount the homebuyer deposits into a specified account. The total funds can then be used as a down payment for the mortgage.

Down Payment Assistance Eligibility

To qualify for down payment assistance, you’ll typically need a credit score of at least 620 and an income that fulfills the program’s requirements. The majority of programs consider your debt-to-income ratio as well.

Some programs may also require that:

* The property is located in a particular area or location.

* The homebuyer enrolls in a home-buying and financial education class.

* The homebuyer occupies the home for a specific amount of time.

The amount of down payment assistance you receive can vary according to the program. Specific programs offer a percentage of the home’s purchase, while others have a fixed monetary amount. When searching for programs to apply for, thoroughly examine their qualifications, whether the program is a grant or loan, and the amount of aid available.

Additionally, you should ensure that your lender accepts the down payment assistance you apply for.

Round Rock, Texas Mortgage Lender

At Capital Home Mortgage, we work with many types of borrowers — from first-time homeowners to seasoned investors. We are a full-service Round Rock Mortgage Company providing a comprehensive selection of home loan options along with excellent mortgage rates. 

Whether you are a first-time homebuyer interested in an FHA Home Loan, on active duty, a retired veteran in need of a VA Home Loan, or an experienced buyer seeking a conventional home loan in Round Rock, Texas, we got you covered!

Making Home Loans More Accessible

Capital Home Mortgage is a direct mortgage lender in Round Rock, Texas. This means that we manage the lending process from start to completion; we make all decisions, from application to funding. Our in-house processing and underwriting enable us to approve and close your mortgage without unnecessary delays.

We pride ourselves on offering our clients the best rates and a stress-free home-buying experience. Call us at 512-237-7400 and speak with one of our Home Loan Specialists to get you started on your path to homeownership!

Why Round Rock is Choosing Capital Home Mortgage
Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Round Rock Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Round Rock Customer Service

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

Round Rock 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

Round Rock Mortgage Loans

Round Rock Home Purchase

Buying a Round Rock Home?

  • Primary, 2nd, Investment
  • Low Rates & Low Fees
  • Conventional, FHA, VA, USDA
  • Jumbo, Reno, Manufactured

Round Rock Renovation Home Loans

Round Rock Rehab Loans

  • Remodel, Renovate, Repair
  • FHA 203K Streamline or Full
  • Fannie Mae Homestyle Reno
  • Freddie Mac Choice Reno

Round Rock FHA Home Loans

1st Time Round Rock Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed

Round Rock VA Home Loans

100% Loans for Round Rock Veterans

  • Simply Qualifying
  • No Down Payments 
  • Lower Credit Scores Allowed
  • Manual Underwriting Allowed

Round Rock Conventional Home Loans

Flexibility for Round Rock Buyers

  • Primary, 2nd, Investment
  • Great Rates & Low Fees 
  • Single and Multi-Family
  • Renovation Loan Programs

Round Rock Jumbo Home Loans

Great Round Rock Rates

  • Primary & 2nd Homes
  • Higher Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Round Rock USDA Home Loans

Round Rock Rural Properties

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes
  • Closing Costs Can Be Rolled In

Round Rock Native American Loans

Round Rock HUD 184 Loans

  • Primary Residence Only
  • Manual Underwrite All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Round Rock Manufactured Home Loans

Round Rock Mobile Homes

  • Purchase or Refinance
  • New Home Purchase
  • OTC Combo Land & Home
  • FHA, VA, USDA, & HUD 184

Round Rock Reverse Mortgages

Your Round Rock Home at Work!

  • Primary Residence Only
  • Simple Qualifying
  • Credit Scores Not Applicable
  • Minimum Age 62

Round Rock Mortgage Refinance

Round Rock Cash-Out or Rate and Term

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Round Rock Non Qualified Mortgage

Making Round Rock Mortgages Possible

  • Purchase, Refi & Cash-out
  • Primary, 2nd & Investment
  • Full Doc & Alt Doc Programs
  • Corporations OK

Round Rock Mortgage Team

Conor Hayhurst

Managing Director
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

Chris Erwin

Loan Officer
NMLS 914064

Dale Gremillion

NMLS 210325

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