Expert Conforming Loans, VA Home Loans & Conventional Home Loan In Prosper, 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 Prosper, Texas

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

Prosper First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Prosper

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

Best Mortgage Rates in Prosper 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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Tips on Prodigy Lending for First Time Home Buyers in Prosper, Texas

 

Do you want to purchase a brand new house or refinance an existing one to a lower mortgage in Prosper? You are advised to contact prodigy team consisting of mortgage professionals who are committed to offering you quality service enabling you to achieve your mortgage needs. Combined with lowest rates as well as many Prosper first time homebuyers programs availed in your locality, the experiences prodigy team will work industriously with you with an aim of getting a home loan tailored specifically to satisfy your desires. Whether purchasing your most desirable home, refinancing a current loan or consolidating debt, this experienced team is worth helping you find most reliable mortgage program with lowest interest rate.

You can choose any of the following Prosper First Time Homebuyer Programs:

With the attempt to revive the economy, the federal government is currently providing the first time home buyer incentives Prosper via various programs. They include:

FHA First Time Home Buyer Program Prosper

FHA is an abbreviation for Federal Housing Administration which was established in United States. Its ambition is insuring your loans and not making them.

It has a varying rate ranging about 0.125% of a conventional loan. As well it is more lenient with credit scores, years of experience and a down payment of about 3.5 percent of the price of house.

Additionally, it regulates closing costs and accepts you on completing two years after declaring bankruptcy. 

Conforming Loans

  • These loans adhere to conditions set by Freddie Mac and Fannie Mae. 
  • You must invest in at least 5 percent to 20 percent of the house price as down payment and closing cost. 
  • Conforming loan is eligible in that can be used to fund primary homes, investment properties and second homes.

USDA Loans

  • These loans have a low-interest rate
  • No down payment programs 
  • Some offer 100% financing 
  • Cheap Mortgage Insurance of about 0.04%

VA Loans

These loans are designed to illustrate appreciation to military personnel. Have the following benefits:

  • Your traditional credit score can determine whether you qualify for the loan.
  • Looks at your past twelve months history on payments
  •  Have no insurance monthly payments
  • It has 100 percent funding
  • Reliable rates

The team mission is establishing a good relationship with you to enable the provision of perfect and reliable services for the longest period. All you details are confidentially treated and kept safe unlike in some other nationwide companies out there. This makes its name trusted throughout many lending communities.

Prodigy home lender team is known as one of the best providers for the first time home buyer loan Prosper in U.S. This is because for over 17 years it has been offering award-winning services. Additionally, for the last eight years it has been focused in honoring the recognition attained previously.

Mortgage rates offered nowadays depends on market conditions hence you are advised to quickly fill provided short form in order to receive a quotation.

Last but not least, this team is among the best private mortgage companies guaranteeing you a Prosper first time homebuyer programs which will be specific to options serving you right.

Please contact us if you have any questions!

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