Capital Home Mortgage Texarkana

Texarkana Home Loans

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Texarkana Mortgage Lender

Home Loans In Texarkana, Texas

Welcome to Capital Home Mortgage Texarkana. Located 180 miles northeast of Dallas, the real estate market in Texarkana was up 12.1% year-over-year with a median price per square foot of $115.

Everybody knows that purchasing a home is a significant financial investment.  That being the case, aspiring homeowners must determine whether they are personally and financially prepared for the responsibilities that come with homeownership before searching for properties or evaluating financing choices.

Is It The Right Time For You To Buy A House?

Are you contemplating whether or not you’re ready to get a mortgage and buy a home? Here are some of the critical factors that you should consider when assessing your homeownership preparedness:

Income And Employment Situation

Your income plays a huge role in your ability to buy a home, but lenders are not only interested in the amount of money you earn. They’ll also want to ensure that you have stable and reliable employment (at least two years with the same company).

You will need to compile the necessary documentation to demonstrate your capacity to pay for your mortgage. If you are employed, you will almost certainly only need to supply recent pay stubs and W-2s. On the other hand, if you are self-employed, you must send your tax returns and any other paperwork requested by the lender.

Debt-To-Income Ratio

The debt-to-income ratio (DTI) is another financial metric lenders use to assess your loan application. Your DTI enables lenders to determine how much of your monthly income is spent on debt and, thus, the amount of mortgage debt you can handle.

It’s prudent to evaluate your DTI before applying for any type of loan. Ideally, your front-end or housing expense ratio should not exceed 36% of your income. To qualify for most mortgage options, you’ll also need a back-end DTI of less than 43%; however, this varies by lender, loan type, and other variables.

Liquid Assets

Even with a mortgage, you’ll need liquid assets to make the initial payments for your home purchase, specifically the down payment and closing costs.

While it is possible to purchase a home with no money down, most home loans will require some cash for a down payment. You can buy a property with as little as 3% down, but it’s recommended to put down more. 

Before moving into your new house, you’ll need to pay closing costs. These are fees paid to your lender and other third parties for the origination of your loan. It’s a good idea to budget between 3% and 6% of the value of your house for closing fees. Under certain circumstances, closing fees may be integrated into your mortgage or covered by seller concessions.

Credit Health

Your credit score shows to the lender how responsible (or not) you are with handling debt and has a significant impact on the types of loans you qualify for. Better figures equate to more favorable lending terms and interest rates.

Your credit score is calculated using the following data:

  •  Your payment history 
  •  The amount you owe 
  •  The length of your credit history 
  •  The types of credit you’ve utilized

To qualify for most loans, most lenders require a credit score of at least 620, but government-guaranteed loans like the FHA loan may require less. A credit score of at least 720 will typically qualify you for the best lending rates.

Willingness To Settle In The Same Location

While not required to reside in the property throughout your mortgage term, it’s a significant decision. Unless you’re purchasing a second home or investment property, you may need to sell your current residence.

Consider whether you’re prepared to stay in your chosen neighborhood for at least another few years. Take into account your professional objectives, family responsibilities, and more. Each of these considerations will have a significant impact on the style of home you purchase and the location of your primary residence.

Timing Is Everything

Whether or not now is a good time for you to buy a home is determined by various factors, including your financial readiness, lifestyle preferences, and current market conditions.

Reflect on your personal circumstances and consult a financial professional before making significant financial decisions, such as purchasing a home.

Texarkana, TX Mortgage Lender

Are you in the market for a new home in Texarkana? You owe it to yourself to speak with one of Capital Home Mortgage’s Home Loan Specialists. We conduct a needs-based analysis of your situation to come up with and deliver the best and most viable mortgage products for your specific circumstances.

Since each property purchase is unique, we begin by listening to your objectives and goals to recommend the best course of action. We want your home buying experience to be positive, and as such, we’re here to assist you in any way possible.

Ready When You Are

You can rely on our skilled and experienced loan officers to provide direction and insight, as well as the assistance you need to develop into a more confident homebuyer.

To learn more about our home loan options or obtain a no-cost quote, please contact one of our loan officers at 903-257-1448.

Why Texarkana is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Texarkana Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Texarkana Customer Service

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

Texarkana Mortgage Rates

Capital Home Mortgage is dedicated to offering Great Mortgage Rates.

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

Texarkana Mortgage Loans

Texarkana Home Purchase

Buying a Texarkana Home?

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

Texarkana Renovation Home Loans

Texarkana Rehab Loans

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

Texarkana FHA Home Loans

1st Time Texarkana Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores – Down to 500

Texarkana VA Home Loans

100% Loans for Texarkana Veterans

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Credit Scores Down to 500
  • Manual Underwriting Allowed

Texarkana Conventional Home Loans

Flexibility for Texarkana Buyers

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

Texarkana Jumbo Home Loans

Great Texarkana Rates

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

Texarkana USDA Home Loans

Texarkana Rural Properties

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

Texarkana Native American Loans

Texarkana HUD 184 Loans

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

Texarkana Manufactured Home Loans

Texarkana Mobile Homes

  • Existing Purchase or Refinance
  • One Time Close Combo Land & Home
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Texarkana Reverse Mortgages

Your Texarkana Home at Work!

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

Texarkana Mortgage Refinance

Texarkana Cash-Out or Rate and Term

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Debt Consolidation
  • Streamline Options Available

Texarkana Non Qualified Mortgage

Making Texarkana Mortgages Possible

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Texarkana 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

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