Diligent First Time Home Buyer Assistance, Mortgage Lending Company & Home Loan Consultant In McKinney, 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 McKinney, Texas

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

McKinney First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in McKinney

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

Best Mortgage Rates in McKinney 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

daily mortgage news courtesy of the texas mortgage pros
Home Mortgage Rates
Get up-to-date information on mortgage and real estate news including mortgage rates, processing, and refinancing.
  • Latest U.S. Mortgage News
  • Mortgage Rates are Updated Daily
  • Complete Consumer Mortgage News

Getting Prequalified just got a lot easier
In just a few minutes you can lock in your mortgage rate right now!
  • We provide the lowest, most current mortgage rates available.
  • Work with the BEST lending company in the Greater Plano Area.
  • Discover simple, affordable, and effective tools to help you secure a mortgage.
“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
Man using the best mortgage lender in houston texas

Real Clients. Real Stories. Real Results.

Our goal is to provide you with the best customer service possible.

  • home loans by The Texas Mortgage Pros
    Aldin A.

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

  • apply for loans by The Texas Mortgage Pros
    Shareem W.

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

  • apply for a mortgage with The Texas Mortgage Pros
    Javier P.

    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 »

  • Texas Mortgage home loan programs
    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 »

 Top Mortgage Lender in Texas
Christina & Aaron F.

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 »

 

The Professional Prodigy Lending Company In McKinney, Texas

 

Prodigy Lending Team has been proudly named as one of the best private mortgage companies in the United States, and this guarantees clients that they will receive the best loan programs that are best suited for their mortgage requirements and specifications. It is a home loan center that offers mortgage options for homebuyers within the United States and has been providing award-winning mortgage services to clients throughout the country for more than 17 years. It has its mortgage professionals, who are equipped with many years of experience widely distributed throughout the country, whose function is to work and associate closely with all their clients individually, to promote and enhance Prodigy’s lending services.

Buying your first home can be quite a heavy and heart wrenching task, and finding the right mortgage lender as well as an experienced mortgage professional is the first step to landing the right mortgage program to suit your needs. There are a number of benefits that first time home buyers enjoy such as: 

  • No penalties charged.
  • Ability to land an experienced real estate agent or loan officer.
  • Pre-approvals are given, helping a buyer to land a home that is best suited for their needs.
  • First time home buyer’s tax credit (HBTC) which is non-refundable.
  • The RRSP (Registered Retirement Savings Plan) Home Buyer’s Plan. This program allows you to be able to withdraw some funds from your retirement plan before retirement, for the sole purpose of a first time home purchase.

The multiple loan programs offered by Prodigy Lending Team are efficient to a home buyer making the first purchase on their dream home, when refinancing an existing loan or when consolidating a hefty loan. These various programs include:

Conventional Home Loans They have a low down payment of 3%, a lower PMI in comparison to FHA loans, flexible terms of payment spanning up to 30 years, low-interest rates with approved scores and no lender fees are charged.

FHA Home Loans – A low down payment of 3.5%, the qualifications for the loan are easy to achieve, with very attractive interest rates and rehab loans being made available. To qualify for an FHA loan, a higher debt to income ratio is required.

VA Home Loans There is 100% financing on the mortgage and no requirements for mortgage insurance. There are lower closing costs, with the best interest rates being offered unlike other government loans and they are very easy to qualify for. 

USDA Home Loans – There is also 100% financing on these loans with low-interest rates and no down payments are required. There are low mortgage insurance costs for these loans and one must qualify for income and home location to be given a USDA loan.

Please contact us if you have any questions!

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