Expert of Conventional Home Loan, USDA Home Loan & FHA Home Loan In Wilmer, 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 Wilmer, Texas

For a first time home buyer Wilmer 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.

Wilmer First Time Home Buyer Programs

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

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

Best Mortgage Rates in Wilmer 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 Wilmer, Texas

 

Introduction

Prodigy Lending is a leading mortgage company that offers excellent loan services in every part of the United States of America. They have a variety of home loan programs that offer low-interest rates especially for first time home buyers in Wilmer and other cities. With their team of experts who are highly experienced, they assist the property buyers to choose the mortgages that suit their needs. A buyer may want to purchase a first time or dream home, refinance their other mortgages or even combine their debts. A borrower, through the expert guidance of the loan officers, can choose any of the following mortgages.

Conventional Loans 

The characteristics of the conventional loans are’ low down payments (3.5%), low Premium Mortgage Insurance than FHA loans, flexible repayment terms of 10, 15, 20, or 30 years. A buyer has the privilege of choosing the length of time that is convenient for them. Depending on the buyer’s credit score, the interest rates can also below. Unlike other loans, conventional mortgage do not have lending charges,

FHA Home Loans 

These loans are very attractive to first time home buyers due to their low down payment and attractive interest rates. The mortgage does not take into consideration, one’s credit history making it very easy for a borrower to qualify. Even a borrower who has high debts in comparison to their income, still qualifies for the mortgage. The credit may also provide rehab loans for a property that may need repair or renovations. 

VA Loans

The VA loans are for veterans and military officers in all parts of America. They attract low-interest rates, 100% financing, no mortgage insurance as well as easy qualifying terms. The closing fees are also low in comparison with conventional and FHA loans.

USDA Home Loans

USDA mortgage has the aim of assisting home buyers acquire properties in areas that are designated as rural areas. They also have 100% financing, no down payment, and low-interest rates. Their mortgage insurance is low and for one to qualify for the loan the house to be purchased must be in an eligible area and their income must be enough to cater to the payment. The attractive terms of the loan act as first-time homebuyer incentives in Wilmer, so as to attract many buyers, purchase homes in the designated rural areas.

Prodigy Lending aims at establishing a good working relationship with its clients by offering a long-lasting solution to home buyers, in terms of credit services. They ensure that all their clients’ information is kept safely and privately.

The company’s clients have the privilege of accessing any information throughout, from their information desk and through their site. Due to its excellent performance, Prodigy has received several awards such as Top Workplaces.

Conclusion

Whatever the need of the home buyer, prodigy lending offers the most competitive and current market rates. In fact, they are rated among the best private mortgage companies in the USA.

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

 

 

 

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