Capital Home Mortgage Texas

Texas USDA Home Loans

USDA Mortgage Lender Texas

USDA Home Loans Texas

Financial hurdles, such as down payments and closing fees, can make home ownership appear impossible for many prospective buyers. Capital Home Mortgage is pleased to offer the USDA-Guaranteed Home Loan to Texas home buyers.

If you’re looking to buy a home in a rural area in Texas, the USDA loan is one of your best options.

What You Need To Know About USDA Home Loans

A Texas USDA-Guaranteed Home Loan Program is one of the most powerful mortgages available to homebuyers in rural and suburban areas. 

A government-backed mortgage issued through the Rural Development Guaranteed Housing Loan program, USDA loans make home ownership more affordable for low- to moderate-income individuals in eligible rural areas who may not qualify for traditional mortgage products.

USDA Loan Eligibility and Property Requirements

USDA loans have qualification requirements for both the borrower and the property. Eligibility for a USDA loan is determined by the property’s size, location, and condition, the borrower’s income, and other qualifying factors.

The following is a rundown of the basic eligibility requirements for USDA loans:

  • Residency: 

You must be a United States citizen, a legal permanent resident, or a qualified alien.

  • Income: 

Your income cannot exceed 115 percent of the area’s median income. The USDA evaluates your household’s income to ensure that it does not exceed the limits for your area.

  • Employment: 

The USDA prefers applicants with a two-year history of stable employment.

  • Debt-to-income ratio (DTI): 

The DTI ratio determines how much of your monthly income goes toward debt payments. The USDA allows a maximum DTI of 41 percent.

  • Property eligibility: 

The USDA allows the purchase of single-family homes, planned-unit developments, condominiums, modular and manufactured homes, and new construction for unoccupied homes. The property must be less than 2,000 sq. ft. and cannot have an in-ground swimming pool to qualify for USDA direct loans.

  • Occupancy: 

Single-family USDA loans can only be used to finance a primary residence.

Minimum Credit Score Requirement For USDA loan

The minimum credit score for a USDA loan is 640. However, if you don’t have enough credit to obtain a credit score or have a score less than 640, you can fill out a credit history worksheet, Form RD 1944-61, for consideration. With this form, you can use rent, utility bills, and phone bill payments to show creditworthiness.

Advantages Of A Texas USDA Home Loan

USDA loans may offer a great alternative to conventional mortgages or other government programs such as FHA or VA loans. The benefits of USDA loans to homebuyers include:

  • Low Down Payment: 

The down payment requirement for USDA loans can be as low as ZERO percent.

  • Low Fees: 

Borrowers must pay a guarantee fee of 2% of the total loan amount. This fee, however, does not have to be paid in advance and can be rolled into the mortgage.

  • Low Rates: 

USDA loan rates are typically lower than conventional or FHA loans. This benefits borrowers with lower credit scores because they can get the same low rates as those with excellent credit.

  • Streamlined Refinancing Process: 

For homeowners looking to refinance their mortgage, the USDA has a streamlined program that speeds up the process to about three weeks. Credit reports, a home appraisal, or a property inspection are no longer required. 

Interested In A Texas USDA Loan?

USDA mortgage loans are an excellent option for first-time home buyers and even repeat home buyers who cannot obtain financing through a conventional mortgage. For those with a moderate income, the USDA mortgage requirements for 2022 are flexible and accommodating and could be your pathway to homeownership.

If you want to know more about USDA loan eligibility and how to apply, contact Capital Home Mortgage today and speak to one of our USDA mortgage specialists.

Why TEXAS HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Control of the Loan from Application to Funding

Great Rates & Low Fees

Direct Lender Providing Competitive Rates and Low Fees

Exceptional Customer 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 the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Texas USDA Mortgage 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.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only
Texas Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas Home?

Looking to Purchase a Home? We have the loan 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

Texas renovation home loans

Looking to Rehab a Texas 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

Texas FHA Home Loans

Great for 1st Time Texas 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

Texas VA Home Loans

100% Financing for Texas 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

Texas Conventional Home Loans

Flexibility for Texas 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

Texas Jumbo Home Loans

Texas 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

Texas USDA Home Loans

100% Rural Texas 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

Texas Native American Home Loans

Texas 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

Texas Manufactured Home Loans

Great Alternative Texas Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Texas reverse mortgages

Your Texas 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

Texas Non QM Home Loans

Making Texas 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

Texas One Time Close mortgages

Build Your Texas 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

Texas Refinance Mortgage Loans

Texas 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

Texas Cash-out Home mortgages

Texas 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

Texas Mortgage Team

Conor Hayhurst

NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

NMLS 210325

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