Knowledgeable Mortgage Lender Company, First Time Home Buyer Assistance & Mortgage Consultant In Ferris, 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 Ferris, Texas

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

Ferris 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 Ferris’s Housing and Community Development Department. This program offers assistance via HAP, the Home-buyer Assistance Program in Ferris. 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 Ferris 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 Ferris for tax purposes.

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Ferris

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

Best Mortgage Rates in Ferris 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 Ferris, Texas

 

We are located in almost all the states in the United States, propelled by the desire to offer the best services all over the states we will meet your mortgage needs to the maximum. As a home buyer, you might need someone to guide you through the buying process, and as a lending institution, we will be pleased to take you on board. We have a long history of always offering the best services to our client so you need not to worry because we are the best in what we do. 

As a first time home buyer there are various loan programs that you can benefit from;

CONVENTIONAL HOME LOANS

This loan program is privately insured. Best for borrowers with a higher FICO score.

Conventional loans have a reduced PMI, unlike FHA home loans.
A down payment of 3% is required on a conventional loan.
A lenders fee is not charged on a conventional loan.
The loan is offered at affordable rates on borrowers with higher credit scores.
The program has relaxed terms on the conventional loan.

FHA HOME LOANS

A national loan program from the U.S Government.

A 3.5% down payment is required to qualify for the loan. FHA loans are offered at affordable rates. Rehab loans are also available with an FHA mortgage plan which is used to fund repairs and upgrading of an existing home.
A client with a Higher Debt to Income ratio will qualify for this loan. The client must have a stable income and has been working for the past 2 years and is also have the probability of working for the next 3 years.

VA HOME LOANS

This loan program was started mainly to offer veterans serving in the Military with affordable housing.  VA loans have few eligibility requirements hence easier to qualify for.

VA home loans are financed up to 100%, therefore, no down payments are required.
These loans don’t have mortgage Insurance charged, therefore, saving the borrower some dollars.
VA loans are offered at affordable rates. Closing costs on VA loans are lower.

USDA HOME LOAN

This is a national loan program insured by the U.S government.

USDA Home Loans are fully financed which means there are no down payment requirements. The loans have low-interest rates charged on them.
A low Mortgage Insurance cost is charged monthly on the mortgage.
To qualify a borrower must have a stable income.

COME GET THE MORTGAGE SERVICES AND ALSO EXPERIENCE THE CONVENIENCE OF OUR WORK.

The prodigy lending institution is one of the best United States workplaces. We are readily available anytime you need us all you have to do is simply make a call or visit our site.

COME EXPERIENCE THE BEST WITH OUR BEST.

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

 

 

 

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