Skilled Home Loan Agency, Mortgage Broker & First Time Home Buyer Assistance In Nevada, 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 Nevada, Texas

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

Nevada First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Nevada

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

Best Mortgage Rates in Nevada 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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All You Need To Know About Prodigy Home Loans In Nevada, Texas

 

Prodigy Mortgage lending team comprises of experts across the United States. They are specialists in giving the highest quality home loan services to their customers. Due to other mortgage programs and favorable low rates around USA, they will work with you ensuring that you receive a loan that meets your needs. Whether you are refinancing a loan that exists, first home, consolidating debt or buying your dream house, the team will lend assistance for you to achieve the correct loan program and a favorable low rate.

Get the Best Home Loan

FHA Mortgages

Many buyers qualify for this loan due to a low credit score and deposit (Down payment). They are required to make monthly mortgage insurance payment of about 0.85%. Those with a credit score between 500 and 573 a minimum down payment of about 10%. If one has a credit score of about 580, the minimum down payment is about 3.5 percent.

VA HOME LOANS

VA mortgages are backed by the United States Department of Veterans affairs whereby loans are given by private financial institutions and other lenders who are accredited by Veteran Affairs. It aids military officers and their families’ purchases a house without any down payment as well as simple qualification requirements.  

When applying for it, you are advised to consider involved expenses. The interest rates are favoring thus thanks to this Loans. In addition, they are the biggest cost of any home loans hence looking for best interest rates in quite beneficial. The loan fees are capped at about 2% of loan value making it preference over other options. 

USDA Home Loans

It is a program that is insured 100 percent by the United States government through the Department of Agriculture. It is available to USDA lender who has been approved. Many people who reside in the rural area qualify for it as well as those living in medium-sized cities and towns. Additionally, those dwelling on the outskirts of major metropolitan regions qualifies as well.

Eligibility for USDA Loan

The following reasons will make you love it:

  • No mortgage insurance
  • No limits in an amount which you can borrow
  • Allow seller concession
  • About 100 percent no money down loan

Conventional Home Loans

It is not backed by any agency of the government such as FHA or Veterans Administration. Mostly, they are given by private lenders who sell them to Government Sponsored Entities (GSE’s)

Conventional Requirements 

Income – It will be verified by having a review on previous paycheck stubs, returns and debt to income ratings which should exceed about 43%.

Down payment – It has a twenty percent deposit. 

Avoid PMI by withdrawing about 20%.

The main objective is to enhance a good and lasting relationship with most customers and continue providing the best services. Unlike other mortgage companies, your information will be confidential and secure. 

To get professional advice on mortgage services, contact us through any medium. We are eager to give you the best services.

Please contact us if you have any questions!

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