Capital Mortgage Services, through negotiations with key investors, is now able to provide approval on home loans in as little as four hours.

With this revolutionary new service, potential home buyers can complete their loan application and receive approval within four hours, under reasonable circumstances. The four-hour approval process is available on all conventional, conforming loans and will serve to streamline the entire mortgage application process.

With this new program in place, we'll be able to substantially shorten the processing time on mortgage applications, which in turn will expedite the closing process. When buyers and sellers are facing a 'subject to financing' contingency, our four-hour approval service can remove such a contingency within one day. It's a great benefit to both buyers and sellers.

Programs such as the streamlined approval process are a significant factor in our continued position on the cutting edge of the mortgage industry. Indeed, a hallmark of our services to homebuyers is convenient, professional service.

At Capital, we can tailor a loan program to fit virtually any buyer. We get great satisfaction from helping families achieve their dream of homeownership and fund home loans according to FHA guidelines with average processing in 30 days or less.

In addition, Capital is pleased to announce new higher mortgage lending limits for FHA programs. Loan amounts on single unit homes have increased to $115,200, a significant increase over the previous limit. Please contact a loan officer for additional details, as well as new imits on multi-unit properties.

Capital Mortgage Services, "Home of the Mortgage Banking Professionals" consistently publishes the lowest interest rates for home buyers and will continue to maintain that position of leadership.

Through careful and extensive cultivation of investor relationships, we are able to offer buyers a rate structure which is so competitive, we often 'set the low' for the local market. We'll do what it takes to satisfy the customer in meeting his mortgage financing needs. Our goal is to provide the lowest rates backed by the highest level of service.

"Rapid Response is an extremely innovative program we carefully designed in our never-end-ing dedication to providing the mortgage financing tools our clients need," said Linda Lewis, owner of Capital Mortgage Services. "With this new program in place, we'll be able to substantially shorten the processing time on mortgage applications, which will expedite the closing process."

Rapid Response will offer tremendous benefit to both buyer and seller. In situations where the buyer offers the seller a contract with a "subject to financing" contingency, Capital can remove the contingency within one day with Rapid Response. It's a win-win situation for all; the buyer will known within hours whether his mortgage loan has been approved,, and the seller will know the same day whether the sale is a go.

posture to mortgage pricing and prides itself on offering the lowest mortgage rates in town.

Capital Mortgage Services is not affiliated with a commercial bank and consequently not subject to any of the accompanying limitations. When you deal with Capital, you won't be bombarded with hype about bank services. At Capital, their specialty is mortgage services, and finding you the best mortgage for your needs is their only goal.

Home-operated and operated, Capital Mortgage Services has the ability to'make all lending decisions locally, ensuring that service is responsive to local needsl And as an independent mortgage bank, Capital can apply it's own "make sense" test to lending decisions, ensuring that those loans which are feasible can be approved. Capital is constantly seeking new programs and underwriting guidelines to satisfy even the most unusual loan requests. In addition to having delegated underwriting authority from its many agency investors, Capital

Mortgage Services is a direct endorsement lender for FHA with Linda Lewis as the in-house D.E. Underwriter. Such delegated authority ensures Capital can exhaust every reasonable resource to approve a client's mortgage lonn.

"At Capital, we can tailor a loan program to fit Virtually any buyer," says Royce Lewis, loan production manager. "We get great satisfaction from helping families achieve their dream of homeownership."

First time home buyers will want to note that Capital will again participate in the Lubbock Housing Finance Corporation's low-interest bond program this year. The program, which offers low-interest funds to select first-time buyers, is projected to begin in !ate April.

For more information about Rapid Response, Credit Freedom, or any of the innovative programs available, please contact Capital Mortgage Services in Lubbock at 4212 50th St., telephone 796-7231. Why wait for answers? Call Capital for Rapid Response!