Capital Family Mortgage
Capital Family Mortgage
2307 Stephen Avenue,
Missoula, Montana 59801
Toll Free: 1-800-544-1940
Local: 406-549-1940
Email: info@capitalfamily.com
Life's most important moments are shared with family and close friends. That's just as it should be. So when it comes to making the largest and most significant purchase of your life -- that is, your home -- you ought to trust the occasion to people who treat you like family. That's why Capital Family Mortgage makes personal, caring service top priority in the way we do business. We attend to the details and decisions just as if we were handling our own family's mortgage. That means making sure you get the best loan for you, the best rates you can, and an experience that's stress-free, comfortable and friendly.
Not sure what you can afford, or how to do it? Here's what to expect when you seek financing, with an overview of the process, plus quick answers to your homebuying, budget and mortgage questions. Even get pre-approved now!
Wondering what your options are for debt consolidation, lowering your monthly payment or cashing out equity for your immediate needs? Learn the refinancing details you should know.
With Capital Family, you have a broad range of excellent lenders and loans to choose from. We'll help you make the best selection for your precise needs. There's something here for you! Learn more about the special programs and options we offer.
Loan Programs
Your best loan strategy - Great choices, great rates!
Whatever your circumstances, buying a home is cause for celebration! So instead of looking at financing as the unpleasant part, we keep it simple and stress-free. With a wide range of loan options and competitive rates, we're confident we can meet most anyone's needs. And that's something to smile about.
Take a look at the overview here -- you'll get a basic idea of the loan programs available. Remember, this is just a small sample of what's available. Call us today for more information and professional input about the type of loan that may be right for your exact situation.
• Federal Housing Assistance (FHA)
• Rural Development
• Veteran's Assistance (VA)
• Montana Board of Housing
• Mortgage Credit Certificates
• Less-Than-Perfect Credit
Conventional Loans
Conventional loans are the most widely used, offering the most flexible financing options available.
Some Examples are:
▪ 100% financing
▪ No income verification
▪ Interest-only loans
▪ Home equity lines of credit/second mortgages
Government Loans
Federal Housing Assistance (FHA)
Established in 1934, the Federal Housing Administration (FHA) seeks to improve housing standards and provide an adequate home financing system by insuring mortgages. FHA loans generally allow homebuyers the ability to purchase homes with smaller down payments and easier qualifications than conventional loans.
Benefits:
▪ Low down payment (approximately 3%)
▪ Gifts can be used for down payments and closing costs
▪ Lower monthly mortgage insurance premiums
▪ Manufactured homes allowed
▪ Mortgage can be assumed with prior approval of lender
Rural Development (RD)
The USDA Rural Development Loan Guarantee is a federally funded program allowing lenders to offer 100% financing to eligible homebuyers. Those who qualify can us this program to buy a home with little or no cash. Rural Development guaranteed loans do not require mortgage insurance, so your payment will be lower than it would be with a comparable conventional loan.
Benefits:
▪ No down payment required
▪ No private mortgage insurance required
▪ New manufactured homes allowed
▪ Mortgage can be assumed with prior approval of lender
Veteran's Assistance (VA)
This program is available for eligible veterans and active service members. This loan program can be used to purchase, build or refinance a home.
Benefits:
▪ No down payment required
▪ No private mortgage insurance required
▪ Manufactured homes allowed
▪ Mortgage can be assumed with prior approval of lender
Montana Board of Housing (MBOH)
The Montana Board of Housing (MBOH) provides loans to both low-income and moderate-income families to purchase single family homes. The MBOH uses the sale of tax-exempt revenue bonds to fund home loans for Montana homebuyers at interest rates generally lower than current market rates. The program is primarily intended for first time homebuyers. The MBOH loan may be used in conjunction with any FHA, VA, or RD loan. Certain restrictions apply, so contact us for specific guidelines.
Benefits:
▪ Generally lower down payments required
▪ Lower closing costs
▪ Lower interest rates
Mortgage Credit Certificates
The Mortgage Credit Certificate (MCC) is generated from a program offered by the Montana Board of Housing. A qualified homebuyer using an MCC is able to claim up to 20% of their annual mortgage interest paid as a federal income tax credit. The remaining mortgage interest (80%) continues to qualify as an itemized deduction. This provides you with a dollar-for-dollar reduction of your federal income taxes! The MCC may be used in conjunction with any conventional, FHA, VA, or RD loan.
Less-Than-Perfect Credit
Capital Family Mortgage has access to many lenders who specialize in loans for borrowers with credit challenges. We will find a loan for your particular situation with the best interest rates and terms available.
Contact our office for a free personal consultation. We will be happy to discuss your individual situation and advise you accordingly.
Copyright © 2006 Capital Family Mortgage
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