Ambitious Mortgage Lending Agency, First Time Home Buyer Assistance & Home Loan Agency In Lake Dallas, 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 Lake Dallas, Texas

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

Lake Dallas First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Lake Dallas

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

Best Mortgage Rates in Lake Dallas 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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Our goal is to provide you with the best customer service possible.

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    Aldin A.

    Highly recommendable! I worked with Gerry Nicodemus for refinancing my home. Gerry was a thorough professional …View more »

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    Shareem W.

    Mr. Nicodemus is truly one of the best in the mortgage industry. He is well versed and extremely knowledgeable regarding… View more »

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    Mr. Nicodemus is someone to trust, I had the pleasure to meet him. He is great as a Consultant and as a person that really … View more »

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    Kyle B.

    As a Real Estate Broker, I know nothing impacts a buyer’s transaction more than the loan process. I recently closed a very difficult… View more »

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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 »

 

Most Recommended Tips to Lake Dallas First Time Home Buyers In Lake Dallas, Texas

 

Prodigy Lending group is made up of professionals committed to providing all its customers with quality home loan services all over the United States and its other territories. This team will work for hand in hand with you to ensure that you acquire a loan tailored specifically to meet your expectations and solve your situation. We do this due to low rated and availability of many Lake Dallas first time home buyers programs available in your locality. In addition, we can also aid you in whether purchasing for the first time, refinancing an existing loan or consolidating debt. Last but not least, our loan officers will assist you to find a loan with the lowest rate possible.

FIND YOURSELF THE BEST MORTGAGE LOAN

CONVENTIONAL HOME LOAN:  The following are major things in Conventional Loans:

  • They have low-interest rates and not fixed rates.
  • Low Down Payment of about 3%
  • Flexible terms – 15, 20, 15, 10-year mortgage
  • Have a variety of items 
  • Reduced Mortgage Insurance
  • No lender fees required
  • Terms and conditions enable you pay the loan faster.

USDA HOME LOAN

  • A low rate of interest for the fully financed loan
  • Low Mortgage Insurance Cost
  • Low Rate without any down payment

VA HOME LOAN

  • Closing Costs are a bit lower
  • Easy qualification procedure
  • 100% funding
  • No mortgage insurance needed
  • Reliable mortgage rates

FHA HOME LOAN

  • Qualifications procedure is easy
  • Attractive interest rates
  • Rehab loans availability
  • A low down payment ranging about 3.0% to 3.6 %

We have an end goal and ambition to create a lasting friendship with every client so that we may have the ability to continue serving for many year in the future. Unlike many other large nationwide home loan companies, all client information will be safely handled to enhance confidentiality and security. This has greatly sold our name making it trusted throughout many lending communities.

We are looking forward to working with you so, if you want to directly speak to us, give a call or utilize all the interactive tools found throughout the site. 

OVER 17 YEARS OF GIVING OF AWARD WINNING SERVICE

ONE OF U.S BEST WORKPLACES

We are proud of receiving top workplace awards for the last years. Furthermore, we are committed to excellence in the workplace and honored to have received great recognition.

Getting Lake Dallas First Time Home Buyers Plan

We render most current mortgage rates and several low-cost mortgage loans for refinancing and buying.

Normally, we are known to be one of the best private mortgage companies in the U.S. Additionally, we will provide you with a specific mortgage option which is right for you. 

Last but not least, we only offer mortgage rates depending on the market situation. Kindly ensure you fill out a short form and get a quick no-obligation quote.

Please contact us if you have any questions!

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