Capital Home Mortgage Texarkana

Texarkana Home Loans

Home Purchase
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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 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 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

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

Texarkana Mortgage Loans

Texarkana Home Purchase

Buying a Texarkana Home?

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

Texarkana Renovation Home Loans

Texarkana Rehab Loans

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

Texarkana FHA Home Loans

1st Time Texarkana Homebuyers

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

Texarkana VA Home Loans

100% Loans for Texarkana Veterans

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

Texarkana Conventional Home Loans

Flexibility for Texarkana Buyers

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

Texarkana Jumbo Home Loans

Great Texarkana Rates

  • Primary & 2nd Homes
  • Higher 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
  • Closing Costs Can Be Rolled In

Texarkana Native American Loans

Texarkana HUD 184 Loans

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

Texarkana Manufactured Home Loans

Texarkana Mobile Homes

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

Texarkana Reverse Mortgages

Your Texarkana Home at Work!

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

Texarkana Mortgage Refinance

Texarkana Cash-Out or Rate and Term

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

Texarkana Non Qualified Mortgage

Making Texarkana Mortgages Possible

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

Texarkana Mortgage Team

Conor Hayhurst

NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

NMLS 210325

Texarkana Mortgage Company Reviews

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