30 YEAR FIXED
Low Fixed Rates For 30 Years
30 YEAR FIXED
Minimum of 3.5% Down
30 YEAR FIXED
100% VA Loan With No Private Mortgage Insurance
30 YEAR FIXED
100% Financing In Rural Areas
First-Time Home Buyer in Coppell, Texas
For a first time home buyer Coppell 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 Coppell offers ways to make it work for you.
Coppell First Time Home Buyer Programs
There are programs in the Coppell area to help first time home buyers. The first to consider is HCDD which is Coppell’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 Coppell 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 Coppell area and buying a home that lies within the City of Coppell for tax purposes.
Affordable Housing Corporation of the State of Texas
Also, for a first time home buyer Coppell 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 Coppell home buyers. This is a grant, so the family does not need to pay it back.
Free Homebuyer Education Classes in Coppell
Perhaps the most important thing for a first time home buyer in Coppell is to their homework. An excellent idea is to take advantage of one of the classes for home buyers in the Coppell 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 Coppell or anywhere.
Best Mortgage Rates in Coppell Texas
- 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!
- 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.
- Latest U.S. Mortgage News
- Mortgage Rates are Updated Daily
- Complete Consumer Mortgage News
- We provide the lowest, most current mortgage rates available.
- Work with the BEST lending company in the Greater Houston Area.
- Discover simple, affordable, and effective tools to help you secure a mortgage.
Real Clients. Real Stories. Real Results.
Our goal is to provide you with the best customer service possible.
The Proficient Prodigy Lending Company In Coppell, Texas
Prodigy Lending consists of a team of professional mortgage lenders that are all over America. With their expertise, they offer homebuyers excellent loan services that help them become property owners with ease and less stress or pressure. Whether a borrower desires to buy a new or a dream home, refinance their existing mortgage, or even merge their other credits, Prodigy lending comes in handy. There are various home loan programs available with Prodigy Lending that a first time home buyer in Coppell can access the aid from this company. These mortgages include:
There are different types of conforming mortgages to aid a borrower to own a home in any part of America. A borrower can receive any amount of credit depending on the amount of down payment they can raise, which is 3% of the purchase prices. Their PMI is lower than that of FHA, and they have no lender fee and little interest if the buyer’s credit score is high.
FHA Home Loans
For many first time home buyers in Coppell, this could be the most attractive form of credit in that; the down payment is low, only 3.5% of the sale price, the interest rate is flat, high DTI and availability of rehab loans.
VA Home Loans
These loans programs help veterans and service members acquire home in the USA. They have 100% financing, no down payment, no mortgage insurance, low mortgage insurance, and flexible qualification requirements. They offer the best government rates on loans.
Though these loans are for homebuyers who wish o purchase their home in rural places, anyone can access them because of the flexible definition of rural. The mortgages have 100% financing, no down payment, low-interest rate, low mortgage insurance, and they are also easy to qualify.
Prodigy Lending has taken it upon themselves to offer excellent loan services, which will enable them to establish a lasting and cordial relationship with their clients. They ensure that the customers can reach them anytime through their unlimited calls and interactive tools in their sites.
They have excellent work reputation, and for this reason, they have continued to receive Top Work awards for more than eight years. They have the lowest rates and most current mortgages that offer refinancing and home buying. Due to fluctuations in the market, it is advisable that a borrower does not take so long to apply for the mortgage to get the lowest rates.
Over the years, Prodigy Lending has a proven track record of the best mortgage company in America in offering affordable credits for home buying, refinancing, and debts consolidation, and so on. Any home buyer who has no idea what is on offer on the lending market should consult these experts.
Contact us via our open websites at any time of the day.