Loans We Offer

Our Current Loan Types

Finding the right loan for you, or you and your family is the most important step of the process. If you are unclear as to what loan is right for you based on the information provided, please don't hesitate to contact us - 360.753.1395

• VA loans

VA loans are guaranteed by U.S. Dept. of Veterans Affairs. The guarantee allows veterans and service persons to obtain home loans with favorable loan terms, usually without a down payment. In addition, it is easier to qualify for a VA loan than a conventional loan. Lenders generally limit the maximum VA loan to $203,000. The U.S. Department of Veterans Affairs does not make loans, it guarantees loans made by lenders. VA determines your eligibility and, if you are qualified, VA will issue you a certificate of eligibility to be used in applying for a VA loan. VA-guaranteed loans are obtained by making an application to private lending institutions.

• Sub-prime Loans

A loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans. Sub-prime loans tend to have a rate that is 0.1% to 0.6% higher than the prime rate. Although the additional percentage may seem small, for mortgages and other large loans, this can and may translate to additional interest payments over the period of the loan.

• Conventional Loans

Conventional loans are secured by government sponsored entities or GSEs such as Fannie Mae and Freddie Mac. Conventional loans can be made to purchase or refinance homes with first and second mortgages on single family to four family homes. In general, Fannie Mae and Freddie Mac's single family, first mortgage loan limit is $417,000 in 2006. This limit is reviewed annually and, if needed, changed to reflect changes in the national average price for single family homes. The current loan limit applies to all conventional mortgages delivered after January 1, 2007.

• Set Up A Consultation With Us:

At Capital Mortgage and Investments, we understand that part of the customer process is a desire to understand your situation and gain a perspective, prior to committing to an important decision. For this reason we offer free loan consultations, either over the phone or face to face in order to make sure you are as informed as possible.

Capital Mortgage and Investments was founded on the principle of guiding our customers through the loan process in order to make them comfortable with every step involved. That principle is still alive today.

To schedule your free consultation, please call 360.753.1395 or send an email to: info@capitalmortgageonline.com