Diligent Mortgage Lender Consultant, FHA Home Loan Assistance & First Time Home Buyer Assistance In Plano, 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 Plano, Texas

For a first time home buyer Plano 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.

Plano First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Plano

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

Best Mortgage Rates in Plano 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 Plano, Texas

 

The Prodigy Lending team is among the best Top Workplaces in the US. We have been known for providing excellent mortgage services for over 17 years. Prodigy Lending is where you can get technical expertise in the mortgage sector if you reside in the US. For the last eight years, we have been proudly awarded as the Top Workplaces in the USA. With us, you are guaranteed of the most competitive interest rates on your mortgage. We help our clients purchase homes or refinance their loans at a minimum cost. For example, First time home buyers in Plano can buy a house using our VA or USDA loans which do not require down payment. We offer grants for clients who prefer FHA loans to finance their down payment. We also offer conventional loans that do not have government backing. Be sure to get home loans that meet your needs with the help of our mortgage professionals. Let us have a look at different mortgage loans available for you.

  1. VA Home Loans

The beauty of VA loans is that customers get 100% financing. This means that you do need to worry about the down payments. Unlike the other loans, you will not be required to get mortgage insurance. The interest rates are also attractive, and the closing cost is lower as the seller meet part of it. What else can you ask for, with this type of loan, you can easily own home as qualification requirements are flexible for military personnel. First time home buyers in Plano can take advantage of this loan as they do not need to worry about the down payment.

2. USDA Home Loans

For those who do not qualify for VA loans for one reason or the other, they can consider USDA mortgages. Similar to VA loans, you also get 100% financing on your home. This means no down payment. As our customer, you get to enjoy low-interest rates with low-cost mortgage insurance. The only thing you need is to meet the income and home location requirements. 

3. FHA Home Loans

FHA loans are the most popular among first time home buyers in Plano. Even though there is a 3.5% down payment required, we allow you to use grants to finance it. The qualification requirements are flexible, and the majority of people can quickly get loans. Existing customers can enjoy rehab loans which come with competitive interest rates. Clients meet to have a high debt-to-income ratio to qualify for FHA mortgages.

4. Conventional Loans

There are clients who prefer loans that are not government approved. Here we take care of your needs as we offer conventional loans which only require a 3% down payment. You get flexible terms of between 10-30 years depending on your financial capability. Clients enjoy free lender services with the low-interest rate for those who meet the required credit scores. PMI is reduced to ensure you need are met.

As the Prodigy Lending team, we hope to provide unmatched services to continue working with our clients to meet their future needs. We do this by ensuring privacy is guaranteed to our clients. All information provided to us is kept safe and is not disclosed without your consent. This has earned us trust from lending companies across the USA. We are open to you any time, and our team of professionals will be available to advise on different types of mortgages. The experts ensure that our clients choose the type of home loans that suits their needs. Our website is also interactive, and you can use it to get more information about us. 

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