Mortgage loan programs

Home Equity Line of Credit (HELOC)

A HELOC is a revolving line of credit secured by your home. You can draw funds as needed during a set draw period, then repay over a repayment period. Homeowners often consider a HELOC for home improvements, education costs, or consolidating other debts.

• Your home is the collateral for the line of credit.
• Most HELOCs have a variable rate, so the amount you owe each month can change.
• The amount available depends on your home's value, your existing mortgage balance, credit, income, and lender guidelines.

Bank Statement Loans

Bank statement loans are designed for self-employed borrowers and business owners whose tax returns may not reflect their full income. Instead of relying only on tax returns, the lender reviews personal or business bank statements to evaluate income.

• These are typically non-qualified mortgage (non-QM) products.
• Documentation, costs, and requirements differ from conventional and government-backed loans.
• We can explain how these loans compare with other options before you decide.

First-Time Homebuyer

Buying your first home involves many new steps: budgeting, getting pre-approved, finding a property, making an offer, appraisal, underwriting, and closing. We explain each step and help you compare loan types that first-time buyers often consider, such as FHA, VA, and conventional loans.

• Getting pre-approved early can help you understand your price range before you shop.

FHA Loans

FHA loans are insured by the Federal Housing Administration, part of the U.S. Department of Housing and Urban Development (HUD). Because of the government insurance, FHA guidelines can be more flexible on credit and down payment than some other loan types.

• FHA loans require mortgage insurance premiums.
• The property must be your primary residence and meet FHA property standards.
• FHA loan limits vary by county.

VA Loans

VA loans are guaranteed by the U.S. Department of Veterans Affairs and are available to eligible veterans, active-duty service members, members of the National Guard and Reserves, and certain surviving spouses.

• Eligibility is confirmed with a Certificate of Eligibility (COE) from the VA.
• VA loans generally include a VA funding fee unless the borrower is exempt.
• The property must be your primary residence.

Capital City Mortgage, LLC is not affiliated with or endorsed by the U.S. Department of Veterans Affairs or any government agency.

Conventional Loans

A conventional loan is a mortgage that is not insured or guaranteed by a government agency. Many conventional loans follow guidelines set by Fannie Mae and Freddie Mac. They can be used for primary residences, second homes, and investment properties.

• Available with fixed-rate or adjustable-rate terms.
• Private mortgage insurance (PMI) may be required depending on the down payment.
• Loans above the conforming loan limit are often called jumbo loans and have their own guidelines.

DSCR / Investor Loans

Debt Service Coverage Ratio (DSCR) loans are designed for real estate investors. Instead of focusing mainly on personal income, the lender looks at whether the property's rental income covers its mortgage payment and housing expenses.

• For investment (non-owner-occupied) properties only.
• Requirements for reserves, credit, and property type vary by lender.
• These are typically non-QM products with terms that differ from conventional loans.