The Proficient Lender Consultant, First Time Home Buyer Assistance & Home Loan Assistance In Sunnyvale, 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 Sunnyvale, Texas

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

Sunnyvale First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Sunnyvale

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

Best Mortgage Rates in Sunnyvale 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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The Professional Prodigy Lending Services In Sunnyvale, Texas

 

For the last eight years, prodigal lending house loans have been awarded as a top workplace. It has a team of professionals that is greatly committed to excellence in workplaces as well as providing the best quality of service to clients for their home loan needs. Whether clients are purchasing their dream house for the first time or refinancing a current loan, the team helps them get the best mortgages that have low rates. 

Are you seeking and looking forward to buying your first house?  Sunnyvale home loan programs might provide a perfect solution helping you get funds to purchase it. These program provides reliable financing options as well as encourage you to compare Sunnyvale terms to other loan lenders.

First Time Home Buyers 

Usually, five types of home buyer loans exist whereby borrowers have freedom of choice.

Types of Home Loans

Conventional Home Loans: – They provide the best terms to borrowers with excellent credit as well as those who can large down payments. Additionally, they also offer low down payments as low as about 3% down payment. If a borrower has the ability to put down about 20%, he or she is able to avert private mortgage insurance (PMI).

FHA Loan: – This loan is the best for borrowers unable to qualify for any conforming loan. Its qualification requirements are a bit lenient than those of conforming loans. They include buyers with credit scores about whereby in order to qualify for a down payment of about 3.5% you must have a credit score at least about 580.

USDA Loan: – They provide buyers with an opportunity to buy homes with no down payments. They were designed and intended for potential buyers with moderate and low income. In addition, borrowers can as well finance closing costs into the loan meaning that they can essentially purchase a house with no money out of pocket.

VA Loans: – Veterans and active military personnel are recommended to apply for VA loans as they allow them to purchase homes with no down payments. Actually, they are not allowed to the public but instead, only veterans are eligible. Additionally, their closing costs low and no mortgage insurance recommended.

To communicate with any of the Prodigy Lending team, borrowers are advised to call and utilize all interactive tool provided on all communication platforms. 

Borrowers are advised to commence with their process of pre-approval with Prodigal Lending Mortgages since they have the lowest and most preferred interest rates available. 

Home loan officers and professionals provide low-cost home loans to buy and refinance loans.

Are you there and have the will to purchase a new home or refinance to a low rated mortgage? You are advised to understand the current home loan rates are offered on today’s market conditions.

Please contact us if you have any questions!

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