Can I Get a Mortgage After Changing Jobs? What Austin Buyers Should Know
Just started a new job, or about to? Here’s how lenders look at a job change, offer letters, commission pay, gaps and self-employment for Austin and Central Texas home buyers.
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Can Family Help With Your Down Payment? How Gift Funds Work for Austin Home Buyers
Parents or grandparents want to help you buy? Here’s how gift funds work for a down payment in Austin and Central Texas, who can give, what the gift letter needs, and how to avoid delays.
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Texas Closing Costs: What You’ll Pay and Who Pays (Austin Guide)
The short version: Closing costs are the fees and prepaid items due when your loan funds. Some are paid to the title company, some to the county, some to your insurer, and some go into escrow for future taxes and insurance. Your Loan Estimate lists them, and your Closing Disclosure confirms them before you sign….
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Can You Get a Mortgage in Austin Using Savings Instead of a Paycheck? How Asset Depletion Loans Work
Retired, between jobs or recently sold a business? An asset depletion mortgage lets you qualify using savings and investments instead of a paycheck. Here’s how it works in Central Texas.
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Can You Assume a Seller’s Mortgage in Austin? How Assumable FHA and VA Loans Work
Many FHA and VA loans can be assumed by a qualified buyer. Here’s how assumptions work in Central Texas, how to cover the seller’s equity, and when a new loan is the better call.
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Should You Use the Builder’s Lender on a New Build in Central Texas?
Builder incentives can be a great deal or an expensive one. How Central Texas new-construction buyers can compare the builder’s preferred lender against an outside offer before signing.
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Self-Employed Mortgages: How We Evaluate Income
Buying a home when you own a business can be exciting, but proving your income may feel more complicated than it should. For a self-employed mortgage applicant, qualifying income is generally based on documented, stable, and continuing earnings after eligible business expenses are considered. In this guide, we at Capfi Lending (NMLS# 1692019) explain how…
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Self-Employed Mortgages: Compare Your Loan Options
Buying a home when you own a business or work for yourself can feel complicated, especially when your tax returns do not tell the full story of your income. Self-employed home buyers may qualify for a mortgage using tax…
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Mortgage Preapproval: How Austin Buyers Prepare
Buying a home in Austin is exciting, but preparing for mortgage preapproval can feel confusing when you do not know what a lender will need. Mortgage preapproval is a lender’s conditional review of your credit, income…
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Conventional Loans: Document Self-Employed Income
By Dustin Edwards, Founding Partner / MLO Buying a home when you own a business can feel complicated, especially when your tax returns do not reflect the full strength of your finances. Self-employed buyers can qualify for a…
