The Capable First Time Home Buyer Assistance, Mortgage Lending Company & Home Loan Agency In Flower Mound, 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 Flower Mound, Texas

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

Flower Mound First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Flower Mound

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

Best Mortgage Rates in Flower Mound 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 Professional Prodigy Lenders  In Flower Mound, Texas

 

All over the United States, prodigy lenders have the best and professional team who are committed to giving services that are of high-quality meeting customer mortgage requirements. Low rates and many loan programs availed in your region, prodigy professionals will ensure that you get a house that meets your expectations. They make sure that you will find it easy to get prequalified. Their services are perfect and widely recommended by previous customers. 

Experts interview clients to ensure that the choice made is tailored to specifically comply with all expectations and their situations. In addition, they will assist them to make the best decisions and offer the lowest rates possible.

VA Mortgages 

Usually, VA mortgage rates change on a daily basis. The below rates are recent and current:

  • A 15 Years Fixed.

Save 3.5% on interest as compared to a thirty years fixed loan. As well you get a low and fixed monthly payment for loan lifespan.

  • 30 years Fixed

Receive a low and fixed monthly payment across the loan life. In addition, you have no mortgage insurance to pay for after giving a 20 percent down payment.

  • 5 year ARM

Enjoy the lowest rate for the first five years of home loan. It is the greatest option if you have plans to refinance in five years’ time.

  • 30 Year fixed VA 

Take the merits of crucial benefits availed to military officers, active members who are on duty and spouses.

USDA Home Loans 

It assists you to purchase a home with a down payment thus saving on mortgage insurance.

Key Benefits of USDA mortgages 

They are attractive options for buying a house in a rural region especially if it is our first time to buy a house. Below are the benefits of choosing USDA Loans:

  • You can purchase without making any down payment
  • Your guarantee fees may be lower than FHA loan insurance monthly payments.
  • You can have this with a credit score as low as 640.

FHA Mortgages

When ready to build your desired and dream home in Flower Mound, you are advised to seek advice from luxury home builders. Winton homes have built beautiful and customized homes and as well as offer advice. The building you dream home may appear daunting once you are set. 

It is due to low credit and down payment needs that make first time home buyers choose FHA loans. 

Back in 2017, about 46 percent of first time home buyers preferred these loans when purchasing their houses. 

Conventional Home Loans

They can be used for refinancing hence allowing about 96 percent loan to value in particular instances. For you to be eligible, 

  • You must not own another home
  • You must complete an online counseling course.

The core ambition is giving quality service and maintaining a good relationship with clients. This is why our name is entrusted by many lending communities.

To get a piece of advice contact the experts via the site. Looking forward to giving you the best mortgage services.

Please contact us if you have any questions!

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