Effective Mortgage Company, Conventional Home Loan & FHA Home Loan In Euless, TX

Conventional Rates

4.125 %

4.210 %APR


Low Fixed Rates For 30 Years

FHA Rates

3.625 %

3.798 %APR


Minimum of 3.5% Down

VA Rates

3.625 %

3.721 %APR


100% VA Loan With No Private Mortgage Insurance

USDA Rates

3.875 %

4.101 %APR


100% Financing In Rural Areas

"Rates, terms, and fees as of 07/13/2020 and subject to change without notice."

First-Time Home Buyer in Euless, Texas

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

Euless 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 Euless’s Housing and Community Development Department. This program offers assistance via HAP, the Home-buyer Assistance Program in Euless. 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 Euless 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 Euless area and buying a home that lies within the City of Arlington for tax purposes.

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Euless

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 Euless 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 Euless or anywhere.

Best Mortgage Rates in Euless 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 Proficient Prodigy Lending Company In Euless, Texas


This is a lending institution that has been in existence for more than 17 years in the United States. The team is always self-driven to give the best mortgage services that best suits our clients’ needs.

As a homebuyer, you need to have enough money for your home project. The question is what if you don’t have the cash at hand or at the bank, that can be a very challenging situation, but you don’t need to worry anymore because for the past 17 years we have been giving out home loans to clients who meet the requirements put up by the institution. We offer a variety of loan programs for first time home buyers, mortgage refinancing and many depending with our clients’ needs.



This program is backed by the government under the FHA. The loans are given out by lenders that are licensed and approved by the FHA. The loans are easy to qualify for because they are backed by the government and therefore encourage more lenders to come in with more affordable rates.

A low down payment of 3.5% is required
you must provide a higher Debt to income ratio.
The loan program also offers rehab loans that you may use to upgrade your existing home.


This is a private home loan program. This is the best deal for clients with a good credit history.

The program has reduced PMI, unlike the FHA loans which have a higher PMI.
Borrower is allowed a low down payment of about 3% on the loan.
There is no lenders fee charged with conventional loans, unlike other loan programs.
The borrower is allowed low-interest rates if he or she has a great credit score.
There flexible terms on conventional long term loans that last from about 10 to 30 years.


 These loans are very easy to qualify because of government intervention.

VA loans are 100% financed with null mortgage insurance charged.
VA loans are government loans with the best rates offered.
The loans have very low closing costs charged on them.


This is a loan program for clients living in suburban and rural areas. This is a National Government program.

The loans are financed to the maximum with affordable rates.
The borrower has an advantage because there are no down payment requirements.
The borrower is charged a low mortgage insurance cost on the mortgage.
To qualify the borrower must beat the income requirements set by the lending institution.

Owning a home has always been the best thing one can ever do. This is a lifetime investment that you will always be proud of as a homeowner. We are always there to meet your mortgage needs all you have to do is to give us a call and we will be at your service.

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




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