Capital Home Mortgage Team-Texas FHA Lender Increases FHA Loan Limit in 2022.

“FHA loans help make homeownership possible for a wider range of people.”

HOUSTON, TEXAS – DECEMBER 31, 2021 – Texas FHA Home Loan – a subsidiary of Capital Home Mortgage Team, is pleased to announce increased FHA loan limits for 2022. Effective January 1, 2022, the base limit for most single family homes will be 420,680 $. FHA loan limits are even higher in high cost areas up to $970,800.

Texas FHA Loan is the easiest and most forgiving home loan program you can qualify for. They offer a low down payment and are available to homebuyers 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. Research Texas FHA loan options available through 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 FHA’s wide range of products, every borrower can be sure that an FHA loan program is right for them.

They offer a wide selection 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 home.

203(h) – a disaster relief loan available to those affected by a calamity or natural disaster when the property is located in a federally declared major disaster area

Construction loan – a construction-to-permanent loan program that converts bridge financing into a fixed-rate, long-term permanent loan.

HECM – commonly referred to as Reverse Mortgage, exclusive to homeowners 62+.

Streamline Refinance – used to refinance an existing FHA loan into another FHA loan. Doesn’t need a new appraisal, a 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 qualification criteria are less stringent than conventional loans.

Limited Closing Costs – FHA loan closing costs are restricted and limited. There can be no unnecessary fees that a lender can charge the borrower.

Seller Concessions – 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, higher-rate, credit-eligible loan.

ABOUT THE COMPANY

Capital Home Mortgage Team is a nationwide mortgage lender that offers FHA home loan programs for borrowers with Tier 1 credit to those with not-so-good credit. They offer purchase and refinance loans, standard 203(b) construction loans to FHA construction loans, 203(k) loans for homes in need of rehabilitation, and home equity conversion mortgages, also called reverse mortgages.

According to Conor Hayhurst, Managing Director of Capital Home Mortgage, “We have a loan program for every borrower in Texas. We’ve streamlined the mortgage transaction to make the whole process as efficient and enjoyable as possible.

Media Contact
Company Name: Capital Home Mortgage, powered by Sun West Mortgage, Inc. NMLS # 3277
Contact: Conor Hayhurst
E-mail: Send an email
Call: 1-800-854-4142
Address:6131 Orangethorpe Ave, Suite 500
City: Buena Park
State: California
Country: United States
Website: https://texasfha.org/

Comments are closed.