Ready to Move? So Are We.
At FirstCapital Bank of Texas, we understand that buying a home isn’t a 9-to-5 job. That’s why our mortgage team isn’t 9-to-5, either. They’re here for you, when and where you need them, throughout every step of the process with sound advice, fast answers, and solid rates. Whether you’re buying your first home, a new home, a second home, refinancing your current home—or looking for a New Construction Loan to build your dream home—you can count on FCB to be here to welcome you home.
Save money every month, shorten your mortgage term and more with our competitive fixed and adjustable rates.Apply Now >
Take advantage of competitive fixed and adjustable rates and a variety of terms in amounts up to $647,200.Apply Now >
Secure amounts that exceed conventional mortgage amounts with both fixed and adjustable rates options.Apply Now >
How much house can I afford?
Generally speaking, you can purchase a home with a value of two to four times your gross annual household income. However, the amount you can borrow will also depend on your employment history, credit history, current savings, monthly debts and the amount available for a down payment. A variety of loan programs and products are available with little or no down payment required. We look forward to discussing your options and helping you determine the exact amount for which you qualify.
How do I know which type of mortgage is best for me?
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors including your current financial picture as well as your short- and long-term financial goals. FirstCapital can evaluate and offer a variety of relevant mortgage loan programs to help you make this important decision.
What does my mortgage payment include?
A: For most homeowners, the monthly mortgage payment is comprised of three separate parts:
1. Principal: Repayment on the amount borrowed.
2. Interest: Payment to the lender for the amount borrowed.
3. Taxes and insurance: Monthly payments are normally made into an escrow account for items such as homeowners insurance and property taxes. An escrow account is optional with at least 20% down, in which case, these items will be paid by you directly to the tax assessor and property insurance company as they become due.
How much cash will I need to purchase a home?
The amount of cash necessary depends on a number of factors. Generally speaking, you will need to have available:
1. Earnest money: The deposit that is supplied when you make an offer on the house.
2. Down payment: A percentage of the cost of the home.
3. Closing costs: The costs associated with processing and closing your mortgage loan to purchase or refinance a home.