30 YEAR FIXED
Low Fixed Rates For 30 Years
30 YEAR FIXED
Minimum of 3.5% Down
30 YEAR FIXED
100% VA Loan With No Private Mortgage Insurance
30 YEAR FIXED
100% Financing In Rural Areas
First-Time Home Buyer in Aubrey, Texas
For a first time home buyer Aubrey 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 Aubrey offers ways to make it work for you.
Aubrey First Time Home Buyer Programs
There are programs in the Aubrey area to help first time home buyers. The first to consider is HCDD which is Aubrey’s Housing and Community Development Department. This program offers assistance via HAP, the Home-buyer Assistance Program in Aubrey. 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 Aubrey 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 Aubrey area and buying a home that lies within the City of Aubrey for tax purposes.
Affordable Housing Corporation of the State of Texas
Also, for a first time home buyer Aubrey 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 Aubrey home buyers. This is a grant, so the family does not need to pay it back.
Free Homebuyer Education Classes in Aubrey
Perhaps the most important thing for a first time home buyer in Aubrey is to their homework. An excellent idea is to take advantage of one of the classes for home buyers in the Aubrey 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 Aubrey or anywhere.
Best Mortgage Rates in Aubrey Texas
- 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!
- 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.
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We just wanted to say thanks again for all your help with everything. We closed and are now proud homeowners! The title company… View more »
Recommend Tips on Prodigy Home Loans In Aubrey, Texas
For more than 17 years now, prodigy home loans have been awarded as the top workplaces for the last eight years. It provides quality services with the aid of professionals who work as a team. The team is committed to providing you with the highest and quality service when in need of a home loan. Combined with many other mortgage programs and low mortgage rates available, this team promises to work with you ensuring that you get a loan that serves you right and meets all expectations. Additionally, this highly experienced loan officer can assist you to find a loan with the lowest rate possible may it be you are buying a new house, refinancing another mortgage or consolidating a loan.
Qualifications for Conforming Home Loans
Conventional home loans offer great options to customers looking for a new home. They have competitive pricing unlike some other loans such as FHA and Veteran Affairs. With this loan, you can achieve anything from 1 month to 30 years fixed rate.
This mortgage demands the following:
- A minimum credit score above 620
- Debt to income ratio under 35%
- No bankruptcy case in recent
- You are required to verify your down payment and receive money from a legal documented source.
- Two years verifiable income
This program greatly supports first time home buyers who wish to buy property in rural areas. The following are the recommended basics you need to understand for this program.
- This program has no cash reserve requirements.
- Have no limits set on your home price?
- If you qualify for it, you are provided with 100% financing.
- No FICO credit score limitations.
- No PMI (Private Mortgage Insurance) needed.
- The chosen home should be a rural region.
With a minimum credit score of about 580, you can qualify for an FHA loan. Additionally, the following are great reasons to choose this loan:
- A low deposit about 3.6 percent
- Favorable mortgage rates
- Ease of qualifications
They are designed for military personnel to help them purchase houses for their families. It is a government-insured loan that provides no down payment. As well as no Private Mortgage Insurance (PMI).
Prodigy Lending mortgages is proud to have received awards as best workplaces for the last eight years. The team is focused on excellence and honor receiving such recognition.
This private mortgage lender is one of the best in the U.S as it has the lowest mortgage rates available in the market. To add, it is the home loan center that provides several low-cost home loans for refinancing and purchasing. You are recommended for this home loan program as it guarantees you a specific mortgage option that will serve you best.
Lastly, the current home loan rate is provided based on the current market condition. You are advised to fill out a form immediately to receive a quick no-obligation quote.
Please contact us if you have any questions!We also service the following zip codes and surrounding areas: