“FHA loans help make home ownership possible for a wider range of people.”
HOUSTON, TEXAS – DECEMBER 31, 2021 – Texas FHA Home Loan – a subsidiary of the Capital Home Mortgage Team, is pleased to announce the increased FHA loan limits for 2022. As of January 1, 2022, the base limit for most single family homes will be 420 $ 680. The FHA loan limits are even higher in high cost areas up to $ 970,800.
The Texas FHA Loan is the easiest, most lenient home loan program to qualify for. They offer a low down payment and are available to home buyers with less than perfect credit. Capital Home Mortgage is committed to providing excellent customer service to ensure the smoothest transaction possible throughout the loan process. Look for the Texas FHA loan options available at TexasFHA.org.
FHA Loans are the most common and widely used mortgage program in the Houston area, from first-time home buyers to seasoned buyers. With the wide range of FHA products, every borrower can make sure that an FHA loan program is right for their situation.
They offer a wide choice of mortgages:
203 (b) – the most widely used home loan program in the country.
203 (k) – combines the cost of the rehabilitation with the purchase price of the house.
203 (h) – a disaster recovery loan available to those affected by a calamity or natural disaster when the property is located in a major disaster area declared by the federal government
Construction Loan – A permanent construction loan program that converts interim financing into a long-term, fixed rate permanent loan.
HECM – commonly referred to as a reverse mortgage, exclusive to homeowners 62 and over.
Streamline Refinance – used to refinance an existing FHA loan into another FHA loan. Doesn’t need a new assessment, new credit report, or both.
FHA loans have many advantages over conventional loans:
Low down payment – FHA loans only require a 3.5% down payment.
Lenient Qualification Guidelines – Since the federal government insures the loan against future default, the qualifying criteria are less stringent than conventional loans.
Limited Closing Costs – FHA loan closing costs are tight and limited. There can be no unnecessary fees that a lender can charge the borrower.
Sellers Concessions – The FHA allows the seller to contribute up to 6% of the sale price as a concession to the buyer to cover closing costs and prepaid items.
Assumable loan – the loan is assumable; the buyer can take on the seller’s original mortgage instead of getting a new loan with a higher rate that qualifies for credit.
ABOUT THE COMPANY
Capital Home Mortgage Team is a national mortgage lender that offers FHA home loan programs from borrowers with Level 1 credit to those without great credit. They offer buy and refinance loans, FHA standard 203 (b) construction loans, 203 (k) loans for homes in need of rehab, and a home equity conversion mortgage, aka mortgage. reversed.
According to Conor Hayhurst, Managing Director of Capital Home Mortgage, âWe have a loan program for every borrower in Texas. We have streamlined the mortgage transaction to make the entire process as efficient and enjoyable as possible.
Company Name: Capital Home Mortgage, powered by Sun West Mortgage, Inc. NMLS # 3277
Contact: Conor Hayhurst
E-mail: Send an email
Address:6131 Orangethorpe Avenue, Suite 500
City: Buena Park
Country: United States