Effective Home Loan Agency, Mortgage Lender & First Time Home Buyer Assistance In Princeton, 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 11/18/2019 and subject to change without notice."

First-Time Home Buyer in Princeton, Texas

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

Princeton First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Princeton

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

Best Mortgage Rates in Princeton 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
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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 Princeton, Texas

 

Prodigy Lending group consist of a mortgage professionals team in Princeton and other territories across United States. Our commitment is giving best quality home loan services satisfying the mortgage needs to all our customers. Availability of numerous Princeton first time home buyer programs and low rates allow us to tirelessly work one on one with them ensuring that they are given a loan tailored specifically to meet their expectations and situations. 

Whether a customer is buying a new home, refinancing a loan or consolidating debt, our highly skilled and experienced team help him or her find a reliable program which is rated low. 

Tips on Best Mortgage Loan for Princeton First Time Home Buyers

USDA Mortgages

  • Low rate without a down payment
  • Low-interest rates 
  • Almost 100% financing 
  • Low mortgage insurance cost
  • Home location qualification

Federal Housing Administration (FHA) Mortgages

  • A down payment of about 3.5%
  • High debt to income ration
  • Ease of qualification
  • Favorable interest rates
  • Availability of rehab loans

Veteran Administration Loans

  • No Home loan insurance 
  • Low closing cost
  • Ease of qualification
  • Financing of about 100%

Conforming Home Loan

  • The flexibility of terms on mortgages i.e. 10, 15, 20, 25, 30-year mortgages
  • Low-interest rates
  • No fees required
  • Reduced PMI

The team has a goal of establishing a friendly and long-lasting relationship with every client enabling continuity of excellent service provision for a long period of time. Customer information is secured and never disclosed unlike in other mortgage companies. This information security has led to entrusting of our name throughout other lending community.

Princeton first time home buyers are specifically advised to contact our mortgage experts by calling and utilizing interactive tools provided on the site. Working with you is a pleasure. 

OVER SEVENTEEN YEARS NOW, WE HAVE BEEN GIVING AWARD-WINNING SERVICES!

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We are proud to have been selected as the top workplaces in the last eight years. We are committed and honored to have received recognition. 

Choose Most Competitive Rates on Your Loan

Currently, we have the lowest mortgage rates available. Additionally, our home loan center often provides different low-cost mortgages for refinancing and house buying.

In the United States, we are mostly known as the best private mortgage lenders because we guarantee you that our Princeton first time home buyer program will offer specific loan options. 

In need of buying a home or refinancing to a lower-rated mortgage?

Currently, home loan rates are offered to base on conditions in the market. Since they frequently change, we advise you to fill out the short application and receive a quick quotation.

Please contact us if you have any questions!

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