Capital Home Mortgage Texarkana

Texarkana Home Loans

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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 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 other 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. Evaluating your DTI before applying for any loan is prudent. Ideally, your front-end or housing expense ratio should be at most 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 putting down more is recommended.  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 the lender how responsible (or not) you are with handling debt and significantly impacts 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 need less. A credit score of at least 720 will 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. You may need to sell your current residence unless you purchase a second home or investment property. 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 significantly impact the style of home you purchase and the location of your primary residence.

Timing Is Everything

Whether or not now is a good time to buy a home is determined by various factors, including financial readiness, lifestyle preferences, and current market conditions. Reflect on your 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 develop and deliver the best and most viable mortgage products for your specific circumstances. Since each property purchase is unique, we listen to your objectives and goals to recommend the best 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 get in touch with one of our loan officers at 903-257-1448.
Why Texarkana HomeBuyers 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 Payment

Texarkana 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
Texarkana Mortgage Programs

Texarkana Home Purchase

Thinking of Buying a Texarkana 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, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Texarkana renovation home loans

Looking to Rehab a Texarkana 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

Texarkana FHA Home Loans

Great for 1st Time Texarkana 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

Texarkana VA Home Loans

100% Financing for Texarkana 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

Texarkana Conventional Home Loans

Flexibility for Texarkana 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

Texarkana Jumbo Home Loans

Texarkana 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

Texarkana USDA Home Loans

100% Rural Texarkana 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

Texarkana Native American Home Loans

Texarkana 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

Texarkana Manufactured Home Loans

Great Alternative Texarkana Housing

Texarkana reverse mortgages

Your Texarkana 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

Texarkana Non QM Home Loans

Making Texarkana 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

Texarkana One Time Close Home Loans

Build Your Texarkana 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

Texarkana Refinance Mortgage Loans

Texarkana 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

Texarkana Cash-out Home mortgages

Texarkana 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

Texarkana Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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