Capital Home Mortgage Texas
Texas Hurricane Relief Home Loans
Texas FHA 203H Mortgage Lender
Welcome to Capital Home Mortgage Texas, where our goal is to provide Texas Disaster Victims options to rebuild their home or purchase another home after a natural disaster. Capital Home Mortgage Texas is a Texas FHA 203H Mortgage Lender that manages the entire lending process from beginning to end. Our in-house processing and underwriting enables for quick, common sense approvals and timely closings. We have complete control over everything from the application to the funding process.
Call today (800) 960-4565 to talk to one of our Texas Loan Officers.
Purchase a Home with Zero down...
FHA 203(h) Mortgage
For Hurricane Victims FHA catastrophe loans are popular if you’ve been affected by a hurricane or any major disaster in your area. FHA home loans can be beneficial as disaster relief loans. Section 203(h) of the National Housing Act allows the Federal Housing Administration to offer a mortgage for disaster-affected homeowners.
What Does FHA do?
The Federal Housing Administration, referred to as FHA, is a division of the HUD – the Department of Housing and Urban Development. The agency was created out of the National Housing Act of 1934 and was established to help fix many of the problems and challenges faced by the mortgage industry.
The agency was created to address mortgage issues during the Great Depression. The purpose of the office was to reduce down payments on mortgages. The agency was tasked with increasing home ownership with the insurance of mortgage loans against default. Lenders are more willing to give money to borrowers that have been termed ‘high risk.’ This is due to insuring the loans against defaulting.
The Federal Housing Administration (FHA) provides approved lenders with mortgage insurance. The FHA home loan program is created for borrowers who cannot make sizable down payments, have marginal credit, and do not qualify for conventional loans.
Consequently, more people can access mortgage loans easily.
It is worth noting that the Federal Housing Administration does not lend out money. The agency only insures mortgage loans issued by various lending institutions it approved.
How Does the FHA 203(H) Work?
The FHA 203(h) loans for disaster victims have become increasingly popular due to recent natural disasters. This has consequently led to the increasing search for hurricane rehab loans in Florida, where Hurricane recently struck.
The FHA 203(h) mortgage insurance program for disaster victims is designed to assist victims of disasters. The program helps borrowers in official disaster areas declared by the President. The program was designed to help disaster victims in the above mentioned areas during the first year after the catastrophe. It helps them become new homeowners or helps people who lost their homes to the disaster to rebuild them or buy a new one.
Benefits of the FHA 203(H) Loan?
The benefits of the FHA 203(h) loans are numerous and quite similar to what other FHA-insured mortgage loans offer.
- No down payment
This benefit is one of the unique features of the 203h loan program, especially compared to other FHA loan programs. The program allows victims of disasters to finance 100 percent of the home value up to the loan limits permitted in their area.
- Limited Closing Fees
Like any other FHA-insured loan program, 203(h) home loans have limits set by the Federal Housing Administration. The agency defines many of the fees that can be charged by lending institutions for processing and closing a loan.
- Relaxed Credit Requirements
To help disaster victims get back on their feet as soon as possible and consider their condition after such an occurrence, the FHA offers programs to individuals with relatively marginal credit. This is unlike many conventional loans, which explains the popularity of FHA-insured loans such as the 203(h) and 203k loans.
Apply for a FHA 203 (K) Loan?
As mentioned earlier, you can apply for the loan if you resided in a Presidentially-declared disaster area within the last twelve months and your home has been significantly affected by the disaster, you can apply for the loan.
Like other FHA-insured loans, applications for the 203h home loan and any other such loans designed for flood victims are to be made by approved lending institutions. This is so as the FHA does not provide loans directly. And as mentioned earlier, such applications must be made within the first year following the occurrence.
No one wishes for natural disasters. However, because they are beyond our control, it is only advised to implement all measures to facilitate a fast recovery.
Call us at (800) 960-4565 to speak with our Home Loan Specialists. We are here to assist you with disaster relief loans.
Why Texas 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 Mortgage Payment
Texas 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 REnovation Home Loans
Capital Home Mortgage Texas offers a complete line of home renovation mortgage programs to help all homebuyers make that the older house into a perfect home. Call today to speak with a Texas Renovation Specialists.
Texas Fannie Mae HomeStyle Home Loan
Fannie Mae Homestyle Reno is a program that allows a homeowner multiple renovations options… from a simple luxury addition, to small cosmetic updates to a full rehabilitations.
- 95% LTV Primary Residence
- 97% LTV 1st Time Buyer Single Family
- 85% LTV on 1 Unit Investment
- 90% LTV on Second Home
- Purchase & Refinance
- As Completed Values
- Maximum Loan Amount – $766,550
- High Balance (Varies By County)
Texas Freddie Mac Choice Home Loan
Freddie Mac Choice Reno is a great alternative to a new home purchase. It allows for a buyer to renovate a home as part of purchase or refinance bringing it back to life. Making your dream home come true might just be updating that older home.
- 95% LTV Primary Residence
- 97% LTV 1st Time Buyer Single Family
- 85% LTV on 1 Unit Investment
- 90% LTV on Second Home
- Minimum Credit Score 620
- Luxury Renovations are Eligible
- Maximum Loan Amount – $766,550
- High Balance (Varies By County)
Texas FHA 203K Home Loans
FHA 203K is a great option for makes cosmetic changes to an older home. It allows a FHA buyer to update out of date cosmetics of a home as part of purchase or refinance. Make that old home new with a Streamline 203K renovation.
- Purchase & Refinance Options
- Primary Residences Only
- Single, Multi Family & Condo’s
- As-Is Improved Renovated Value
- 203K Streamline
- Less < 35K, Cosmetic Repairs Only
- 203K Full Rehab
- Greater > 35K, No Restrictions
Texas Mortgage Company Reviews
Texas Mortgage Team
Texas Mortgage Programs
Texas Purchase loans
Looking to Purchase a Texas Home?
- 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?
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Texas Cashout Mortgage Loans
Texas Equity Mortgage Loans
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
