High-flying First Time Home Buyer Assistance, Home Loan Consultants & Lending Agency In Lavon, 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 08/02/2020 and subject to change without notice."

First-Time Home Buyer in Lavon, Texas

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

Lavon First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Lavon

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


We are a team of professionals in the mortgage loan industry all over the United States. Our main objective and commitment are offering quality and reliable service for your mortgage needs. Depending on the lowest rates and numerous first time home buyer incentive Lavon programs, we will in harmony to make sure that you are given a home loan that is tailored specifically to meet your situation and expectations. If you are either purchasing a new home or refinancing an existing loan we will use our loan officers to help you get the best loan program at the lowest rates possible.

Below Find the Best Program for Your Home Loan

USDA Mortgage Loans:  Are of two types i.e. USDA Home Loan Program and USDA Guaranteed Rural Housing Program. 

  1. Offer 100% funding
  2. Offer Low-interest rate
  3. Low Mortgage Insurance Cost 
  4. Must invest in rural for qualification
  5. No down payment 

FHA Mortgage Loans: FHA stands for Federal Housing Administration which was established in the United States in around 1934.

  • High debt to income ratio
  • Low Deposits of about 3.5%
  • Rehabs Loans 
  • Easy Qualifications
  • Low-interest rates
  • Zero limits on the amount of mortgage

VA Mortgage Loans:  Being a Veteran, you enjoy particular benefits that normal citizens don’t. They are:

  • No insurance monthly payments
  • Your traditional credit score determines whether you qualify for the loan.
  • Looks at your past twelve months history on payments
  • 100% percent funding
  • Reliable Mortgage rates

Conventional Mortgage Loans: 

  • A down payment of about 3.5%
  • Low-Interest Rates with approved scores
  • Reducing PMI compared to other Programs like FHA Loans
  • Flexibility Mortgage terms – 30, 20, 15 or 10-year mortgages

One of our key objectives is creating an environment that promotes and creates a good relationship with our customers which enables us to continue to render excellent services for many years. Unlike other larger mortgage companies that exist, your information will be kept safe and confidential. We have a name that is entrusted throughout the lending community. 

To contact our team of experts, you are recommended to simply give us a call at any time as well as utilize all interactive tools availed on the site. Serving you is our pleasure. 




For the past 8 years, Prodigal Lending Home Loans was awarded as the top workplace something we are proud of. We are committed to workplaces and honored to get such recognition. 

Find the Most Competitive Rates on Your Lavon First Time Home Buyer Loan Plan

We offer the lowest and recent mortgage rates as well as various low-cost mortgage loans for refinancing and buying.

Do you want to refinance to a lower mortgage or buy a new home?

Understand that mortgage rates and dictated by a market condition that changes with time. Therefore, fill out a short form and receive a quick no-obligation quote.

Please contact us if you have any questions!

We also service the following zip codes and surrounding areas:
75002, 75013, 75030, 75032, 75040, 75041, 75042, 75043, 75044, 75045, 75046, 75047, 75048, 75049, 75069, 75070, 75071, 75074, 75082, 75087, 75088, 75089, 75094, 75098, 75121, 75132, 75135, 75150, 75164, 75166, 75173, 75189, 75228, 75407, 75442, Lavon TX, Nevada TX, Copeville TX, Wylie TX, Rockwall TX, Fate TX, Josephine TX, Royse City TX, Princeton TX, Sachse TX, Rowlett TX, Plano TX, Farmersville TX, Allen TX, Caddo Mills TX, Garland TX, Richardson TX, Mc Kinney TX, Mesquite TX, Dallas TX

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