Expert of Conventional Home Loan, USDA Home Loan & FHA Home Loan In Addison, TX

Conventional Rates

4.125 %

4.210 %APR

30 YEAR FIXED

Low Fixed Rates For 30 Years

FHA Rates

3.625 %

3.798 %APR

30 YEAR FIXED

Minimum of 3.5% Down

VA Rates

3.625 %

3.721 %APR

30 YEAR FIXED

100% VA Loan With No Private Mortgage Insurance

USDA Rates

3.875 %

4.101 %APR

30 YEAR FIXED

100% Financing In Rural Areas

"Rates, terms, and fees as of 11/15/2019 and subject to change without notice."

First-Time Home Buyer in Addison, Texas

For a first time home buyer Addison offers a wide range of housing choices to fit any pocketbook. Home ownership is the American dream but finding the right home in the right neighborhood at the right price can be a challenge. And then, you need to get financing with a mortgage rate that does not eat up all of your paychecks. Luckily, if are worried about the down payment as a first time home buyer Lancaster offers ways to make it work for you.

Addison First Time Home Buyer Programs

There are programs in the Addison area to help first time home buyers. The first to consider is HCDD which is Addison’s Housing and Community Development Department. This program offers assistance via HAP, the Home-buyer Assistance Program in Lancaster. It helps families in the low and middle-income range. For those who qualify, monies can be used for the down payment, buy-down on principal, or closing costs.

Housing and Community Development Department of Addison HAP Program

For US citizens and permanent US residents, the HAP program can help if you are a first time home buyer or have not been a homeowner for at least three years. Also, to qualify the family must not have more than $15,000 in total assets. Only fixed rate mortgages qualify for this program. Folks can get as much as $30,000 from this program if they meet the qualifications such as falling below the 80% level of median income in the Addison area and buying a home that lies within the City of Addison for tax purposes.

Affordable Housing Corporation of the State of Texas

Also, for a first time home buyer Dallas has a non-profit organization that can help out. It is TASHA or the Texas State Affordable Housing Corporation. These folks have the mission of serving low-income families and individuals by helping them get into affordable and decent housing. They commonly come into the picture when other agencies cannot help.

Using private donations, TSAHC provides help with down payments, mortgage loans, and mortgage credit certificates. Their Homes for Texas Heroes Loan Program is especially for veterans, EMS workers, teachers, firefighters, correctional workers, and police. And, their Homes Sweet Texas Home Loan Program provides a 30 year fixed rate loan for eligible Dallas home buyers. This is a grant, so the family does not need to pay it back.

Free Homebuyer Education Classes in Addison

Perhaps the most important thing for a first time home buyer in Addison is to their homework. An excellent idea is to take advantage of one of the classes for home buyers in the Addison area. Learn about how large of a mortgage you should take on with your salary. Learn about the various assistance programs that make home ownership possible for those who otherwise could not afford their own home. Do your homework first. Look into financing before even looking at property. That is a good route to take for a first time home buyer in Addison or anywhere.

Best Mortgage Rates in Addison Texas

Stop dealing with multiple lenders. We have the best Texas Mortgage Loan Rates here. We have loan specialists and loan processors that streamline the lending process. It is as easy as 1, 2, 3!
  • 1st – Preliminary Assessment – Let’s see how much you qualify for.
  • 2nd – Appraisal Report – Let’s find out the value.
  • 3rd – Approval and Closing – We can close your file in 30 days or less!

How much can you qualify for?
Right here and now you can find out how much you qualify for in 10 minutes or less!
  • See exactly how much you can qualify for instantly!
  • Work with our award-winning team of local Loan Specialists.
  • Let us help you close your loan in 30 days or less.
“I was worried about loan process time and approvals, but everything was explained to me with professionalism and ease.” – Ericka L. – 2015
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“I just wanted to say thank you for your help walking me through the process of purchasing my home. I closed today and everything was great. I really appreciate your work and effort in informing me about the process and helping me become a first-time homeowner.” – Will W. Client – 2015
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The Competitive Prodigy Lending Company In Addison, Texas

 

At Prodigy Lending company, we have a special program for first time home buyers, those refinancing a mortgage and even they that could like to consolidate a debt. The prodigy team is made up of professional mortgage lenders with much experience in the field. With us, you can access high-quality services with low-interest rates. We have several loan programs for our clients to choose from. You can reach us by visiting our offices that are located all over the United States. Be sure to receive the best services and be advised accordingly.

Prodigy’s lending program include the following; 

CONVENTIONAL HOME LOAN 

With low-interest rates that have approved scores, conventional loans will also not charge you lender’s fees. However, you will be expected to give a down payment of 3%. Be aware of its flexible terms that will allow you make a payment in a duration of up to 30 years. Finally, borrowers are to give a low PMI payment when compared to that of FHA’s loan.

FEDERAL HOUSING ADMINISTRATION LOAN

Get an FHA loan by qualifying with a high debt to income ratio. From there, you can then make a down payment of 3.5%. Through consultation, you will realize that its interest rates are very low. That is how easy you can qualify for an FHA loan.

VETERAN AFFAIRS LOAN 

This loan has no need of mortgage insurance for veterans. It is so easy to get eligibility for it and its closing rates are extremely low. Additionally, one can get the best rates for a government loan of this nature. Best of all, all veterans applying for this loan are given 100% financing.

USDA HOME LOAN

The loan excludes a down payment for its lenders, a full loan is awarded with low-interest rates and its mortgage cost? Extremely low. This is where you get 100% financing but for you to qualify, have good income and a good home location.

The Prodigy Lending company is regarded with honor for its wonderful work in lending, as well as in maintaining a high standard workplace committed to rendering good services. Being a private mortgage lender, the prodigy has received many awards hence ranked as the top private lending company in the United States. 

Prodigy has been serving its clients for more than 17 years, and in the last eight years, it has maintained its position among the top lending companies. You can consult the Prodigy Lending professionals any time by making a call, requesting to meet them physically and even visiting their websites for more light.

Prodigy is known for its competitive home loan rates which are offered depending on the current market condition. Anyone desiring to buy or even refinance a mortgage for low rates, be sure to receive incredible services from prodigy’s multiple loan programs.

What about prodigy’s objective?

The main aim for us and our clients, is to start and maintain the best relationship for as long as anyone would imagine.  Remember that being an esteemed company among the lending community, you have no worries with us and can always trust us with your information that will always be safe. We look forward to receive you.

Contact us via our open websites at any time of the day.

 

 

 

 

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