Frequently Asked Questions

Click “Apply” at the top of our website. Our secure online application will open in a new window — select “Apply Now” to begin. You will be asked to create an account so you can follow your application throughout the process.

Because our mortgages are a form of seller financing, they have lower barriers to approval. If you’re free from tax liens, can meet our basic credit requirements, and have a sufficient down payment, we can generally make a loan work for you.

Guidelines can be unique for each borrower and property. Completing the initial online application is free and only takes about 10 minutes. Within 3 business days, you will receive either an approval letter or a prequalification letter if you haven’t yet selected a property.

We are a direct lender. We deal directly with borrowers and their realtors. We have many sources that refer business to us, but we provide financing directly to each borrower — no middlemen.

No. We only provide financing in a first lien position.

We currently require a minimum credit score of 600 for our 90% LTV programs. Financing for individuals with a score below 600 is available on a case-by-case basis.

The minimum down payment for our financing programs is 10% (90% LTV).

We extend loans between $135,000 and $1,000,000. Most of our loans fall between $150,000 and $400,000. We consider every opportunity individually based on the property and borrower specifics.

No. Mortgage insurance is not required on our loans — one of the key advantages of working with Casita Capital compared to many conventional or FHA loan programs.

Yes. We evaluate self-employed income using any available documentation — bank statements, tax returns, P&Ls, and more. Because we are a smaller private lender, our primary concern is whether you can afford the mortgage, not unnecessary paperwork.

Yes! ITIN borrowers are accepted and treated the same as any other borrower.

12 months must pass from the filing of a bankruptcy to qualify for our primary lending programs. Shorter timeframes may be possible on a case-by-case basis.

12 months must pass from a foreclosure to qualify for our primary lending programs. Shorter timeframes may be possible on a case-by-case basis.

No. We work with individuals in all situations regardless of citizenship or immigration status. We are also able to provide loans to foreign nationals.

There is no minimum income requirement. We only want to ensure you have sufficient income to afford the mortgage we provide.

Derogatory marks on your credit report will impact your score, but we can work with most situations as long as your score is at or above 600.

Yes. We accommodate the special provisions required for lending to Self-Directed IRA borrowers.

You will need valid identification that allows you to sign closing documents with your chosen title company. We will also need to document your income, which can be done many ways — pay stubs, bank statements, tax returns, etc. We also need to verify that you have sufficient funds available to close.

Yes. We require a full independent third-party appraisal for all of our loans. This will be ordered once you are approved.

While we strongly recommend an inspection for all borrowers, we do not require one on every loan. In certain circumstances, a property appraisal may reveal issues that make an inspection necessary.

Moving from application submission to an approval letter can be completed in as little as one business day. The time required depends on the complexity of the documents needed to verify your identity and income.

Federal requirements mandate at least 10 days from our involvement to closing. We routinely close loans in under 14 days. In many cases, borrowers come to us after another financing attempt fell through — in those situations we work as quickly as possible to meet your deadline.

Once you’re approved, we order your appraisal and begin assembling your loan file. You’ll need to secure homeowner’s insurance and provide your insurance binder before closing. We coordinate with your title company to prepare the closing package and schedule your signing. Outside of getting your insurance in place, there isn’t much required from you — we handle the heavy lifting.

Absolutely. We recommend working with a buyer’s agent to make sure you are properly represented. There are no restrictions on realtors in our programs, and we do not participate in or impact their commissions at all.

You may select any property you like. There is no requirement to choose a specific owner-financed property. Some geographic restrictions apply and every property must be safe and sound at closing, but you are not limited to any particular listing or property type.

Yes. If you already have a property under contract, we will skip the pre-approval phase and move directly to approval for that specific property.

Rates change with market conditions. Reach out to us directly and we’ll share our current rates with you.

Our interest rates are consistent across all borrowers in our programs — if you qualify, you get our rate. We keep costs simple and transparent so everyone gets the same fair rate.

Standard terms are a 5-year initial interest rate guarantee on a 30-year amortization. Interest rates are tied to the Wall Street Journal Prime Rate plus a set markup. The markup may vary based on the borrower’s track record, credit, and the property’s location and condition.

We offer both fixed-rate and adjustable-rate mortgages. On our adjustable-rate mortgages, your rate remains constant for the first 5 years.

We use the Wall Street Journal Prime Rate (WSJP) as the index for our adjustable-rate mortgages. We set a fixed margin between your rate and the WSJP at closing. If the WSJP moves up after your initial 5-year fixed period, your rate will adjust by the same amount.

When Casita Capital funds your loan directly without another broker involved, our Funding Fee is typically 1%–2% of the purchase price. This fee can be rolled into your loan amount.

Closing costs include pre-paid interest, property taxes, homeowner’s insurance, title fees, and other standard closing items. Typically these total approximately 3% of your purchase price.

You may finance our Funding Fee into your loan. However, because our loans have almost none of the closing costs charged by traditional lenders, borrowers are required to pay the down payment and remaining closing costs (pre-paid interest, taxes, insurance, title fees) at closing. We do not allow financing of any fees paid to a third party.

A payment estimate will be provided with your initial disclosures within 3 business days of submitting your application. Final amounts are confirmed once the purchase price is negotiated, a tax certificate is received, and your insurance binder is in hand. Use our calculator for a rough estimate.

There is no application fee. However, you will be charged for a credit report when you submit your application.

We work with multiple loan servicers depending on your loan. If you have questions about which company is servicing your loan, please call or email us and we’ll point you in the right direction.

Payment instructions and methods will be provided by your loan servicer at closing. Contact us if you need help getting in touch with your servicer.

Your payment due date and grace period details will be outlined in your loan documents and confirmed by your servicer. Contact us if you have questions.

1/12th of your annual property taxes and homeowner’s insurance is collected with each monthly payment and held in escrow by your loan servicer, who pays them on your behalf when they come due.

Your loan servicer holds your tax and insurance reserves in an escrow account. They pay your property taxes and homeowner’s insurance directly when due. You will receive an annual escrow analysis, and your monthly payment may be adjusted if there is a shortfall or surplus.

Late payment terms are outlined in your loan documents. If you anticipate difficulty making a payment, contact your servicer as early as possible — and reach out to us as well so we can help.

Autopay availability depends on your loan servicer. Contact your servicer directly for enrollment options, or reach out to us and we’ll connect you.

Statements and payment history are available through your loan servicer. Contact your servicer directly, or call us and we’ll help you get connected.

Once you are set up with a servicer and making payments, your servicer is to be your primary point of contact. However, if there's ever a major issue or if you have broader questions, you can contact Casita Capital directly at 806.391.2272 or info@casitacapital.com and we will do what we can to assist.

Contact your loan servicer as soon as possible if you are experiencing hardship. You can also reach out to us directly and we will do our best to assist you in exploring your options.

Yes, at any time. We will do whatever we can to refinance you ourselves, but if we’re unable to offer a better rate, you are completely free to refinance with any other lender. There are no prepayment or refinance penalties on any of our loans, and we will fully cooperate with your new lender throughout the process.

No. There are no prepayment or refinance penalties on any of our loans. You may pay off, refinance, or sell at any time without any fees.

If you have an adjustable-rate mortgage, your rate will adjust per the terms of your note. The caps and rate of change will be clearly described in your loan note, your Closing Disclosure, and other disclosures you receive before closing.

Yes. There are no prepayment or refinance penalties on any of our loans. You are free to sell at any time.

Yes. We primarily provide owner-occupied financing, but we understand that situations change.

Contact your loan servicer directly and request a payoff quote. They will provide a payoff amount good through a specific date.

Yes. On-time payments are reported to the credit bureaus, which can help you build or improve your credit score over time.

If your escrow account does not have sufficient funds to cover your taxes or insurance, your servicer may force-place insurance on your behalf, which is typically more expensive. Additional fees and penalties from taxing authorities may also apply. Keeping your escrow funded is important — your servicer will notify you if there is a shortfall.

• Single family residential
• Mostly constructed properties
• Multi-family rental properties (2–4 units)
• Townhomes
• Condominiums (case-by-case)

We finance homes in all major metro areas (MSAs) throughout Texas. We lend only in Texas, and are generally unable to finance properties in very rural areas of the state.

We do not lend on rural land, farms, or properties on large acreage.

We are unable to lend on mobile homes or manufactured housing.

We can finance a completed new construction home, but we do not provide construction loans for homes being built.

Property condition requirements can vary. If you have a specific property in mind, reach out to us directly and we can quickly determine what, if anything, would need to be addressed before we could lend.

Yes. While we primarily provide owner-occupied financing, we do lend on investment properties including multi-family rentals up to 4 units.

Condominiums are considered on a case-by-case basis. Contact us with the specifics of the property and we’ll let you know quickly if we can proceed.

No. We are licensed in Texas only and all of our loans are for properties located within the state.

We work directly with realtors and their clients throughout the entire process. We handle all contracts, communicate proactively, and aim to close without hiccups. Many of our deals come through realtor referrals — our streamlined process and responsive team make us a reliable partner for your clients who can’t qualify for traditional financing.

We can close in as few as 10 days in many situations. Federal requirements set a minimum timeline, but our direct lending model means fewer approval layers and faster turnaround. If your client’s conventional financing fell through close to the closing date, call us immediately — that’s exactly the situation we specialize in.

Haga clic en “Aplicar” en la parte superior de nuestro sitio web. Nuestra solicitud en línea es segura y se abrirá en una nueva ventana. Solo toma aproximadamente 10 minutos completarla. Le pediremos que cree una cuenta para que pueda seguir el progreso de su solicitud.

Actualmente requerimos un puntaje de crédito mínimo de 600 para nuestros programas al 90% LTV. Si su puntaje está por debajo de 600, el financiamiento puede estar disponible caso por caso. Las marcas negativas en su historial crediticio afectan su puntaje, pero podemos trabajar con la mayoría de las situaciones.

¡Sí! Aceptamos solicitantes con ITIN y los tratamos igual que a cualquier otro prestatario.

El enganche mínimo es del 10% del precio de compra (90% LTV).

Los requisitos federales establecen un mínimo de 10 días desde nuestra participación hasta el cierre. Normalmente cerramos en menos de 14 días. Si su financiamiento anterior no funcionó, contáctenos de inmediato — nos especializamos exactamente en esas situaciones.

Las instrucciones y métodos de pago serán proporcionados por su administrador de préstamos al momento del cierre. Si necesita ayuda para comunicarse con su administrador, contáctenos directamente.

Comuníquese con su administrador de préstamos lo antes posible si tiene dificultades para hacer un pago. También puede contactarnos directamente y haremos todo lo posible para ayudarle a explorar sus opciones.

¡Sí! Contamos con personal que habla español. Puede llamarnos al 806.391.2272 o enviarnos un correo a info@casitacapital.com.