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 Crandall, Texas
For a first time home buyer Crandall 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 Crandall offers ways to make it work for you.
Crandall First Time Home Buyer Programs
There are programs in the Arlington area to help first time home buyers. The first to consider is HCDD which is Crandall’s Housing and Community Development Department. This program offers assistance via HAP, the Home-buyer Assistance Program in Crandall. 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 Crandall 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 Crandall area and buying a home that lies within the City of Crandall for tax purposes.
Affordable Housing Corporation of the State of Texas
Also, for a first time home buyer Crandall 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 Crandall home buyers. This is a grant, so the family does not need to pay it back.
Free Homebuyer Education Classes in Crandall
Perhaps the most important thing for a first time home buyer in Crandall is to their homework. An excellent idea is to take advantage of one of the classes for home buyers in the Crandall 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 Crandall or anywhere.
Best Mortgage Rates in Crandall Texas
- 1st – Preliminary Assessment – Let’s see how much you qualify for.
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- 3rd – Approval and Closing – We can close your file in 30 days or less!
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- Work with our award-winning team of local Loan Specialists.
- Let us help you close your loan in 30 days or less.
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The Proficient Prodigy Lending Company In Crandall, Texas
Prodigy Lending Home Loan has been listed among the Top Work Places for the past eight years. We honor customer satisfaction and are committed to excellence within and outside the workplace. We offer the lowest, most affordable and most current mortgage rates available in the market, as well as low-cost mortgage loans for both first time home purchases and refinancing.
Having provided award-winning mortgage services for more than 17 years, the Prodigy Lending Team professionals are equipped with many years of experience and therefore offer excellent and outstanding loan services. These mortgage professionals are located all over the United States, thereby enhancing reach ability and efficiently. Prodigy can help you with buying your first dream home, refinancing your existing loan or consolidating your debts.
Buying your first home can be an exhausting and draining task, and therefore, finding the right mortgage lender, as well as an experienced mortgage professional, is of utmost importance. Prodigy Lending Team helps first home buyers in various ways such as:
- Programs that help buyers to purchase the most efficient loans to satisfy their needs.
- Various grants for first time home buyers.
- Very low-interest mortgages.
- Help buyers when it comes to down payments.
- Educational programs which guide buyers on how to climb up the property ladder.
- Helping with the closing costs, where applicable.
The well-experienced team of loan officers from Prodigy Lending Team work to ensure that the clients land the best loan program that is most efficient for them, and at the lowest rate possible. Some of the mortgages offered include:
Conventional Home Loans – They have a low down payment of 3% down, have a reduced PMI as compared to FHA loans and have flexible terms of payment which may go up to 30 years. They also offer low-interest rates with approved scores and no lender fee is charged.
FHA Home Loans – These have a low down payment of 3.5% down, have easy qualifications, attractive interest rates and rehab loans are made available. You require a high debt to income ratio to qualify for an FHA Home Loan.
VA Home Loans – These loans offer 100% financing, there is no mortgage insurance, the closing rates are lower and they offer the best rates, unlike other government loans. They are also easier to qualify for.
USDA Home Loans – They offer 100% financing on mortgages, have very low-interest rates with no down payment needed and they have low mortgage insurance costs. For you to be offered this loan, you must qualify for Income to Home Location.
Prodigy Lending Team keeps all information sourced from clients privately and securely, hence building a rapport of trust with all clients.
Contact us via our open websites at any time of the day.