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OHIO Licence Number: MB.802975.000

West Virginia License Number: MB-20295

NMLS# 227458

Capital Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

Home Purchase:
A home purchase loan is just like it sounds! This is the type of loan you get when purchasing a new, or new to you home.
  
Listed below is a list of some of the criteria that will determine the rates and terms on your Home Purchase loan.

  • Market Value of the home
  • Amount Financed
  • Loan to Value (Amount Financed/Market Value)
  • Amount of Down Payment
  • Your Credit Score and Credit History
  • 1st time home buyer vs. established mortgage accounts

Home Refinance:
Refinancing means to establish a new loan by paying off your existing mortgage. Refinancing may be done to take advantage of a lower loan rate, or it can include new money that might be a tax advantage over other loan types. 
 
Reasons to refinance include:

  • Lower Payments
  • Free up cash to pay off other debts
  • Better Terms
      

Refinancing is a good idea if:

  • You plan on staying in the home for at least 2 years
  • You would pay at least 1% less in interest (depending on the loan amount any reduction may be beneficial)
  • When the equity in your home could be used to your financial advantage
       
 
RURAL HOUSING LOAN (USDA LOAN)
FHA PRODUCT HIGHLIGHTS
VA GUARANTEED LOAN
CONVENTIONAL MORTGAGE (traditional)
HOMEREADY (FANNIE MAE)
HOME POSSIBLE (Freddie Mac)

RURAL HOUSING LOAN (USDA LOAN)
  • Allows 100% Financing
  • Allow seller to pay 6% toward closing cost


FHA PRODUCT HIGHLIGHTS
  • 3.5% minimum down payment
  • Allow seller to pay 6% toward closing cost


VA GUARANTEED LOAN
  • Must be a veteran
  • Allows 100% financing
  • Allows seller to pay 6% of closing cost


CONVENTIONAL MORTGAGE (traditional)
  •  Minimum 5% down payment
  • Allows seller to pay 3% seller concession (seller paying closing cost) 


HOMEREADY (FANNIE MAE)
  • First-time Homebuyer's Program or repeat homebuyers
  • 3% minimum down payment
  • Allows Gift Funds for down payment 
  • Free homebuyer's class


HOME POSSIBLE (Freddie Mac)
  • First-time Homebuyer's Program or repeat homebuyers
  • 3% minimum down payment
  • Allows Gift Funds for down payment 
  • Free homebuyer's class
  • 1-4 unit properties
  • Manufactured Homes