Proficient First Time Home Buyer Loan, Mortgage Company & VA Home Loan In Carrollton, 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 Carrollton, Texas

For a first time home buyer Carrollton 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 Carrollton offers ways to make it work for you.

Carrollton First Time Home Buyer Programs

There are programs in the Carrollton area to help first time home buyers. The first to consider is HCDD which is Carrollton’s Housing and Community Development Department. This program offers assistance via HAP, the Home-buyer Assistance Program in Grand Prairie. 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 Carrollton 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 Carrollton area and buying a home that lies within the City of Carrollton for tax purposes.

Affordable Housing Corporation of the State of Texas

Also, for a first time home buyer Carrollton 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 Carrollton home buyers. This is a grant, so the family does not need to pay it back.

Free Homebuyer Education Classes in Carrollton

Perhaps the most important thing for a first time home buyer in Grand Prairie is to their homework. An excellent idea is to take advantage of one of the classes for home buyers in the Carrollton 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 Carrollton or anywhere.

Best Mortgage Rates in Carrollton 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
husband and wife using Spring Texas Mortgage Lender to buy a house

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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 Professional Prodigy Lending Company In Carrollton, Texas

 

Introduction

Based in every part of America, Prodigy Lending’s team of professionals offers expert mortgage services to home buyers. They provide different mortgages that meet the needs and expectations of each of their clients. Through the assistance of their loan officers, a borrower can choose the best type of loan that can be used to purchase a new home or buy a dream house. The credit is also for refinancing an existing credit or put together with other debts. They assist their clients in getting the best loan with the lowest interest rate. For a first time home buyer in Carrollton, there are various loan programs to choose, which include the following:

Conventional Loans

These loans are funded and insured by private firms, and they conform to the standards set by Fannie Mae and Freddie Mac, and they are therefore also known as conforming loans. Among their notable features is a low down payment of 3%, reduced PMI compared to FHA, they can be repaid within a period of 10, 15, 20 or 30 years. The loans also have low-interest rates for borrowers with high credit scores, and they do not have lenders fees.

FHA Loans

the Federal Housing Administration department of the American government protects these mortgages. The loan is suitable for first time home buyers in Carrollton due to their attractive features. They have a low down payment of 3.5%, low-interest rates, high DTI, easy qualification requirements, and availability of rehab loans. 

VA Loans

VA is a first-time home buyer mortgage program in Carrollton and other parts of America. Their aim is helping the military personnel and their spouses acquire affordable home loans. They have 100% financing, no mortgage insurance, and low closing costs. They have flexible requirements and thus, easy to qualify. Unlike conventional mortgages, their debt-to-income rates are high.

USDA Home Loans

These types of mortgages help home buyers purchase homes in rural areas. They have no down payment, 100% financing, low interest, and mortgage insurance rates. For a borrower to qualify, their income must be enough to pay monthly installments and the property must be in an area that qualifies as rural.

Prodigy Lending’s objective is to continue offering lasting mortgage solutions to their clients all over the USA and to ensure that a borrower’s information is kept safe and private.

 Prodigy Lending has a reputation of the most trusted lending company in America. They have also received awards of Top Workplaces for the past eight years. 

Conclusion

If you are a first time home buyer in Carrollton and would wish to acquire mortgages with the current market rate, low interest and have best qualifying terms, then look no further than Prodigy Lending.

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

 

 

 

 

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