The Educated Home Loan Consultants, First Time Home Buyer Assistance & Lending Agency In Celina, 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 11/19/2019 and subject to change without notice."

First-Time Home Buyer in Celina, Texas

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

Celina First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Celina

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

Best Mortgage Rates in Celina 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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Tips on Prodigy Lending for First Time Home Buyers in Celina, Texas

 

Prodigy is a mortgage lending firm with a group of experts all over the United States of America including Celina. They offer expert credit services to home buyers which help them become homeowners. For a first-time home buyer in Celina, Prodigy’s loan officers help them understand the different mortgages available to them and the low-interest rates. Their teams of experts, who have many years of experience, help their clients choose a loan that is convenient for them, in terms of down payments and low-interest rate. There are different credit types that a borrower can choose to buy a dream/first home, refinance their existing mortgage or even combine other debts. With the assistance of the loan experts, a borrower can choose one of the following loans:

Conventional loans 

Known as conforming loans, these mortgages have insurance from private firms. The loans have an affordable down payment of about 3%, and their premium mortgage insurance (PMI) is considerably low as compared to FHA mortgage. A borrower has a chance to choose the period of repayment, which could be 10, 15, 20 or 30 years. The loans have low rates with high credit scores and no lending fees.

FHA first time home buyer loans in Celina

These loans are insured by the Federal Housing Administration and are designed for low and moderate-income homebuyers. They have an affordable down payment of 3.5%, easy qualifying terms, low-interest rates, and high DTI. Under the FHA program, rehab loans are also available that are used for repair and renovations of the home.

VA home loans 

Veterans Affairs department of the US government funds and insures these loans to help the personnel in the military to buy homes. The loan has 100% financing and no mortgage insurance. VA is the best government loan in that it has low closing costs and an easy requirement for approval.

USDA Home loans

USDA mortgages are for homebuyers who wish to buy properties in the areas defined as rural. They also offer 100% financing and have no down payment. Their interest and mortgage insurance rates are also low. For a borrower to access the loan they must qualify in terms of income and the home must be in an eligible location.

Prodigy Lending aims at providing long term solutions to homebuyers through their excellent mortgage services. The firm is committed to ensuring the safety and privacy of its client’s information and for this reason; they are among the most trusted loan firms in America. If a home buyer needs to get any information, their call center is ever accessible, and one can talk to an expert at any time.  The good reputation of Prodigy has earned them several awards among them, Top Work Places.

Conclusion

Prodigy Lending, provides the latest and low rate, first time home buyer programs in Celina and other areas in the USA.  Anyone wishing to buy a property, to refinance a mortgage, or consolidated debt, will get the best services with Prodigy Lending. Their services are worth trying.

Please contact us if you have any questions!

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