Ambitious Mortgage Lender Assistance, Home Loan Assistance & First Time Home Buyer Consultant In Rockwall, 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 Rockwall, Texas

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

Rockwall First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Rockwall

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 Coppell 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 Rockwall or anywhere.

Best Mortgage Rates in Rockwall 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 Rockwall, Texas

 

As a first time home buyer, you may need someone to guide you, buying a house for the first time can be a tiresome experience especially if you don’t have enough money to help you in the process. 

Prodigy lending is a mortgage lending institution that has been serving the United States for the past 17 years, and it has a history of always offering the best quality services to its clients. The team has qualified professionals and therefore the best service providers that will help you get a mortgage plan that will best suit your needs. There are a variety of mortgage plans available that a first time home buyer can benefit from depending on his or her mortgage needs, the team is always committed to providing the best for its clients.

We provide a variety of mortgage plans depending on the needs of our clients.

CONVENTIONAL MORTGAGE LOANS

This loan program is not insured by the government. The borrower can get a conventional loan if the mortgage meets the terms and conditions set by the private lenders. 

The loan has flexible terms on the mortgages.
Conventional loans offer reduced PMI compared to FHA mortgage loans.
There is a low down payment on conventional loans of about 3%.
Lenders fee is not charged on the loans.
Low-interest rates are offered to borrowers with higher and approved scores.

FHA MORTGAGE LOANS

This loan program is insured by the FHA. This loan is easy to qualify for because it is government-backed.

There are low down payments of about 3.5% down on the total purchasing price of the property.
The program consists of other minor loan programs like the Rehab loans used for upgrading and repair of a home.
The borrower must have a higher debt to income to qualify for an FHA loan.
The loan program offers attractive interest rates on the loans.

VA MORTGAGE LOANS

This is a loan program insured by the U.S Department of Veterans Affairs. Easy to be shortlisted.

A VA loan has the best interest rates.
The loan is 100% financed where the borrower is not asked for a down payment.
The loan has no mortgage insurance thus saving you some money.
VA loans have a lower closing cost.

USDA MORTGAGE LOAN

This is a government-backed loan program meant to benefit low-income Americans living in rural and suburban areas.

The loan is fully financed with no down payment requirements.
There is low mortgage insurance charged monthly on the loan.
The loans are fully charged with low-interest rates.
The borrower must meet and income requirements and the Home to be purchased must be in a suburban or a rural area.

We are always there to meet our clients’ needs and therefore we provide the best most mortgage services. If you are a first time home buyer and you wish to get our services, feel free to give us a call or by simply visiting our website and get to interact with one of our professionals who will take you through the process.

GET THE BEST MORTGAGE SERVICES YOU HAVE ALWAYS DREAMT OF. 

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

 

 

 

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