The Experienced Mortgage Broker, Lending Company & First Time Home Buyer Assistance In Denton, TX

Conventional Rates

4.125 %

4.210 %APR


Low Fixed Rates For 30 Years

FHA Rates

3.625 %

3.798 %APR


Minimum of 3.5% Down

VA Rates

3.625 %

3.721 %APR


100% VA Loan With No Private Mortgage Insurance

USDA Rates

3.875 %

4.101 %APR


100% Financing In Rural Areas

"Rates, terms, and fees as of 08/04/2020 and subject to change without notice."

First-Time Home Buyer in Denton, Texas

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

Denton First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Denton

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

Best Mortgage Rates in Denton 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
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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 Diligent Prodigy Loans Lenders In Denton, Texas


They are specialists and provide the highest quality mortgage services to their customers.

Tips to Find Right Home Loan

Usually, the most wonderful decision which you will make is purchasing a house for yourself or your family. The process seems exciting mostly if you are a first-time buyer. Buying it is a great demanding ordeal though it does not prevent some challenges faced by first time home buyers while in the process of making buyers.

FHA Home Loans

Federal Housing Administration is a governmental agency that was launched in 1934 to increase homeownership in the United States of America. It does not give mortgage loans directly but insures loans that are offered by private lenders. 

FHA Advantages

  • They are easier to qualify due to their low credit score and deposit requirements.
  • Need about 3.5 percent down payment hence they are attractive to first time home buyers.
  • Borrowers who have a credit score of about 580 can qualify with a down payment of about 3.5%.

USDA Mortgages

This program is the best option if you are looking for a fixed rate. However, it has restrictions on applicants mostly location and income requirements. The credit requirements are:

  • Repayment patterns 
  • Credit Authorization 
  • Length of Credit history
  • Credit Score

Conventional Loans 

They meet the lending requirements of Freddie Mac and Fannie who are the largest buyers of home loans in the United States. Most of them are given by private lenders who sell to one of GSE’s.


Occupancy – Are used to fund primary residences, vocational houses or rental property and a second home.

Property Type – Actually townhouses, 2-5 unit houses, condominiums, duplexes, and single-family homes are eligible.

Assets – Banks and investment statements are usually verified to make sure borrowers have enough assets to close. The fund must have the ability to cover a down payment as well as an associated closing cost.

Conventional Loan Limits

  • In low-cost areas, it is about $453,100.
  • In high-cost regions, it is about $679,650.

VA Home Loans 

They are highly ranked as they focus on military families whereby it helps them rise lenders which offer VA loans as part of their mortgage services. 

First, VA charges an origination fee of about 1%. As well it does not publish a minimum credit score which is required. 

This loan scores well in clients and does well helping its members purchase and own their own homes.

The core reason is enhancing a long-lasting relationship with their clients as they continue offering quality and best-rated services. In comparison to other mortgage companies, client information is confidential and always secured.

Prodigy lenders offer reliable advice on mortgage issues. In case of any issue, you are free to contact them from their site. Always recommended for offering the best services.

Please contact us if you have any questions!

We also service the following zip codes and surrounding areas:
75022, 75027, 75028, 75029, 75057, 75065, 75067, 75068, 75077, 76201, 76202, 76203, 76204, 76205, 76206, 76207, 76208, 76209, 76210, 76226, 76227, 76247, 76249, 76258, 76259, 76266, 76267, Denton TX, Krum TX, Ponder TX, Sanger TX, Argyle TX, Aubrey TX, Lake Dallas TX, Justin TX, Lewisville TX, Little Elm TX, Flower Mound TX, Pilot Point TX, Slidell TX

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Mortgage Lenders In Plano Texas Catering To FHA Loans And First Time Home Buyer Programs