Professional Mortgage Lender, First Time Home Buyer Assistance & Prodigy Team In DeSoto, 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 11/14/2019 and subject to change without notice."

First-Time Home Buyer in DeSoto, Texas

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

DeSoto First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

Also, for a first time home buyer DeSoto 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 DeSoto

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

Best Mortgage Rates in DeSoto 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 Highly-Experienced Prodigy Lending Company In DeSoto, Texas

 

Introduction

Prodigy lending is a company that gives professional mortgage loans all over the United States of America. In DeSoto, they have trained experts that assist first-time home-buyers to access the most attractive credit services. With a variety of first-time-home buyer programs which offer the lowest rates, the firm’s team helps a home buyer to choose the best mortgage that suits their needs.  The company’s trained personnel helps a buyer to choose the right credit type regardless of whether they are purchasing their dream or first home, refinancing an existing mortgage or even merging credits. The following are the mortgage loans that a buyer can access through Prodigy:

Conventional Loans 

This type of mortgage has a low down payment of 3% of the purchase price, minimal PMI insurance than that of FHA loans, as well as low interest. The loan has a flexible repayment period of 10, 15, 20 or 30 years. The conventional loan does not attract lending fees and the interest reduces with a good credit score.

FHA Loan

Though the down payment is slightly higher than the conventional mortgage (3.5 %), FHA is the best loan for a first time home buyer in DeSoto. The mortgage has easy qualification requirements, low-interest rate and not very strict on the debt-to-income ratio.

VA Home Loans 

This mortgage offers first time home buyers in DeSoto who are active service members or veterans, incentives to enable them own property. The government offers 100% financing for the veterans. The mortgage does not have insurance, and its interest and closing costs are very low. The loan also has very flexible qualifying terms to make it affordable to veterans.

USDA Home Loan 

This is another type of loan that assists home buyers to purchase a home with flexible terms. The credit gives 100% financing, no down payment, low mortgage insurance, low-interest rate throughout the loan life.

The main objective of Prodigy Lending is to establish a long-lasting relationship with their customers and offer satisfactory services. The company has the trust of borrowers throughout the USA because they ensure the security and privacy of their client’s information. 

Prodigy Lending has its customer care services accessible at any time and a customer is free to contact them at their convenience. They also have interactive services on their website.

Having been in existence for more than 17 years, the company boasts of award-winning services such as Top Work Places for the last eight years. They have a commitment in workplaces and are happy for the honor.

Conclusion

With Prodigy Lending a home buyer has the assurance of getting attractive rates, low-interest mortgages, and their home loan centers offer low-cost loans for home buying and refinancing. As the best mortgage lenders in America, Prodigy Lenders assures their clients of the best mortgage programs. Whether one wants to purchase a new home or refinance an existing mortgage, the company provides the lowest rates in the market.

For a first time home buyer in DeSoto 2019, it is advisable to try the services of Prodigy Lending.

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

 

 

 

 

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