Capital Home Mortgage Waco

Waco VA Home Loans

Waco VA Mortgage Lender

Waco VA Home Loans

One of the significant perks of military service is the option of a VA home loan. Veterans, active-duty service members, and their spouses can apply for a VA home loan through the Department of Veterans Affairs.

As with other government-backed mortgage programs, VA loans are guaranteed by the Department of Veterans Affairs. You’ll need secure financing from a private mortgage lender.

Capital Home Mortgage is your best option for VA loans in Waco, Texas. Contact us to learn more about our VA loan offers.

Qualification Requirements for the VA Home Loan

Borrowers must satisfy fundamental requirements established by the Department of Veteran Affairs and the mortgage lender of their choice to be eligible for a VA loan. These requirements can be found on the VA’s website. 

Waco VA loans have the exact eligibility requirements as every other state in the country. To qualify for a VA loan, you must meet the following criteria:

  • Served in the military for more than 81 in peacetime;
  • Served more than 91 days of active duty during wartime;
  • Served for at least six years in the Reserves or National Guard;

A military spouse may also qualify for a VA loan under the following circumstances:

  • The service member passed away from military-related causes.;
  • The service member had been missing in action;
  • The service member has been a prisoner of war for a minimum of ninety days;
  • The surviving spouse is still unmarried.

– Income Requirements

As long as you can afford the mortgage with your current income, you stand a chance of qualifying for a VA loan. Plus, if you have a low debt-to-income ratio, you’ll be able to get a larger mortgage.

The maximum VA loan amount for 2022 is $647,200. You may apply for a VA Jumbo loan if you need a more considerable sum.

– Credit Score Requirements

VA loans don’t require credit scores, but most mortgage lenders do. You will need a credit score of at least 600 to qualify for a VA loan is significantly lower than that of other loans. This is mainly due to the guarantee provided by the government that protects lenders against defaults.

– Bankruptcy

Those who have filed for Chapter 7 bankruptcy can still get a VA loan. Lenders may disregard bankruptcies discharged for at least two years and may decide on bankruptcies discharged for less than two years. For a Chapter 13 bankruptcy, the borrower must provide evidence of twelve months of uninterrupted payments.

The Benefits of a VA Loan

VA loans are appealing because they are almost always offered with 100% financing. And while this does not necessarily imply that you are not required to pay for anything at closing, numerous down payment assistance programs are available to help you cover most of the closing cost.

Other benefits offered by the VA loan include:

  • No down payment is required (in most cases)
  • No mortgage insurance premiums
  • No prepayment penalties
  • The seller may pay for up to 4% of the closing costs

Purchase Your Next Home with a VA Loan

The VA loan has the most advantageous financing terms for veterans and qualified service members. If you think a Waco VA loan is the right home loan for you, Capital Home Mortgage can help you kickstart your journey to a new home!

We guarantee top-notch service and the best mortgage rates in the market. Call (254) 213-7343 now!

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 VA Purchase Loans

VA Purchase Mortgage Lender
  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed
  • No Monthly Mortgage Insurance
  • Seller concessions to 4%
  • higher debt to income Allowed
  • Manufactured homes permitted

Waco VA Refinance

VA Refinance Mortgage Lender
  • VA IRRRL Rate & Term
  • Streamline Option
  • No Appraisal Required
  • No Income Verification

Waco VA Eligibility

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability
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 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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