Capital Home Mortgage Waco

Waco FHA home loans

Waco FHA Mortgage Lender

FHA Loans In Waco

The Federal Housing Administration has insured affordable and eligibility-flexible mortgages across the country for decades. Mortgages guaranteed by the FHA have been the go-to option for first-time and repeat homebuyers when conventional loans are unavailable. It’s possible to qualify and get approved for an FHA-backed mortgage even if you were denied a conventional loan.

Top Reasons To Get an FHA Loan in Waco, TX

FHA loans are notoriously simple to qualify for and have incredibly competitive interest rates. They’re not perfect, but they are often a first-time homebuyer’s best shot at homeownership. Let’s find out why.

  • Low Credit and Income Qualifications

The Federal Housing Administration guarantees FHA loans, which is why lenders can offer FHA loan products with less demanding requirements than most mortgages. You may qualify for an FHA loan with a credit score as low as 500.

  • Low Down Payment Requirement

The FHA loan lets you buy a home with little down payment. While the amount of down payment required can vary, borrowers with a credit score of at least 580 are eligible for the 3.5% down payment rate. If you have a lower credit score, somewhere in the 500-579 range, you’ll have to make a down payment of at least 10%. 

  • Wide Range of Mortgage Products

The FHA offers numerous loan types to accommodate borrowers in virtually any circumstance. The Federal Housing Administration has insured many home loans, from standard, single-family home loans to 203k loans, for purchasing and renovating fixer-upper homes. No matter your budget or the type of home you wish to finance, there’s bound to be an FHA loan to satisfy your needs and requirements. 

  • Plenty of Assistance and Grant Programs

FHA loans also allow down payments and closing cost assistance grants to reduce the out-of-pocket expense of a new mortgage. These grants are typically made available to first-time homebuyers and cover a portion of the home’s purchase price. Sometimes, these grants are non-repayable; you will never have to pay them back.

Visit your local city Housing office to find down payment assistance programs available in your area.  

  • Easy to Refinance with FHA Streamline

If you already have an FHA mortgage, you may be able to save time and money with the FHA Streamline Refinance program. Use it to lower your monthly payment by refinancing to a lower rate or extending the term of your loan. No credit check or appraisal is needed.

  • It Can Be Used to Purchase Fixer-Upper Homes

The FHA 203(k) loan allows you to purchase or refinance a home that needs repairs, then combine the real estate renovation costs into one mortgage. With a cash-out refinance, you refinance your mortgage for more than you owe and get the difference in cash, which you can use to fund your renovation, among other things. 

Is an FHA Loan Right For You?

Whether you’re a first-time homebuyer with a small down payment, a senior looking to draw income for your home, or newlyweds looking to purchase and renovate a charming fixer-upper, there’s an FHA loan for you!

FHA loans are designed to accommodate as many different homebuyers as possible. Regardless of your circumstances, if you are interested in purchasing or refinancing a home in Waco, the home loan experts at Capital Home Mortgage can help you determine if the FHA loan is a good fit. 

Call us at (254) 213-7343 for inquiries and information about our FHA home loan products.

Why Waco 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

Waco 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

Waco FHA Home Purchase Loans

FHA Purchase Mortgage Lender
  • Simple Qualifying
  • Smaller Down Payment
  • Seller Paid Closing Costs
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed
  • Manufactured Housing OK

Waco FHA Refinance Home Loans

FHA Refinance Mortgage Loans

FHA Standard Refinance

  • Appraisal Required
  • 97.75% Max Loan to Value
  • Closing Costs Can Be Rolled In
  • 80% Max Loan to for Cash-out
  • Cash-out Option Available
  • County Loan Limits Apply

FHA Streamline Refinance

  • FHA to FHA
  • No Income Qualification
  • No Appraisal Required
  • Closing Costs Cannot Be Rolled In
  • No Lates on Mortgage in Last Year
  • Payment Must Drop on Fixed Rates

Waco FHA Renovation Home Loans

FHA 203K Mortgage 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 Programs

Texas Home Purchase

Thinking of Buying a Texas 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

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

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

Waco Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325

Waco Mortgage Company Reviews

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