The Expert of Mortgage Lender, First Time Home Buyer Program and Conventional Home Loan In Lancaster, 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 11/15/2019 and subject to change without notice."

First-Time Home Buyer in Lancaster, Texas

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

Lancaster First Time Home Buyer Programs

There are programs in the Lancaster area to help first time home buyers. The first to consider is HCDD which is Lancaster’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 Lancaster 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 Lancaster area and buying a home that lies within the City of Lancaster for tax purposes.

Affordable Housing Corporation of the State of Texas

Also, for a first time home buyer Dallas 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 Lancaster

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

Best Mortgage Rates in Lancaster 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 Competitive Prodigy Lending Company In Lancaster, Texas

 

THIS COULD BE YOUR   EXPECTED LOAN

Prodigy Lending team is everywhere in the United States. For anyone expecting the right company for better services, low-interest rates, advice on lending from professional lenders, this is the right place for you. You may contact our customer service and even meet our team of professionals who will not hesitate to offer you services. Whether you are a first time home buyer or even refinancing an existing mortgage, move closer for any assistance possible.

We over multiple loan programs as you can see below

CONVENTIONAL HOME LOAN 

You should only make a down payment of 3% and get a reduced PMI together with low-interest rates and approved scores. When it comes to the loan payment period, you will have plenty of time too since the payment terms are pretty long. They range from 10 to 30 years and guess what? No lender fees to pay! 

FHA HOME LOANS 

FHA loan is a preferred one since, with it, you can find a rehab loan, low-interest rates with a low down payment of 3.5%. As you have seen, it is much easier to qualify but remember, you ought to have a higher debt to income ratio to qualify fully.

VA HOME LOAN

It gives the best rates it being Government-sponsored. A V A loan has easy qualification rules and provides 100% financing for veterans. Veterans are not entitled to mortgage insurance, more so, it’s closing rates are low

USDA HOME LOANS

This type of mortgage loan has low rates with no down payment to be made. Its insurance cost is low and provides 100% financing. For any full loan, one receives reduced interest rates. Qualifying for it is simple, having a suitable income as well as the location of the home.

As the prodigy team, we are privileged to have professionals that our clients can access with much ease. Remember, to get our services you just need to make a call or even make a physical appearance in one of our offices. We aim at creating a solid relationship with our clients for many more years to come. Concerning your private information, rest assured that your privacy is ensured.

We are here to protect our good reputation that is admired throughout the lending community and so all our services are what you would love to have. You can access our site for more information about us. Welcome to our company as we will be pleased to receive you.

PRODIGY TEAM HAVING BEEN IN SERVICE FOR MORE THAN HAS WON MANY AWARDS

Our company is one of the top workplaces in the United States and has been highly honored for excelling in excellence. As the top private mortgage lender, prodigy provides its clients with a variety of mortgage loan programs. It is there that you can find your most preferred mortgage option.

We offer low mortgage rates depending on the market condition. To apply for a loan with us you are required to fill a short form and submit it to us.

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

 

 

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