Highly-Experienced First Time Home Buyer Assistance, Conventional Home Loan & Home Loan Specialist In Converse, 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 11/15/2019 and subject to change without notice."

First-Time Home Buyer in Converse, Texas

For a First Time Home Buyer Converse 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 Converse offers ways to make it work for you.

Converse First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

Also, for a First Time Home Buyer Converse 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 Converse home buyers. This is a grant, so the family does not need to pay it back.

Free Homebuyer Education Classes in Converse

Perhaps the most important thing for a First Time Home Buyer in Converse is to their homework. An excellent idea is to take advantage of one of the classes for home buyers in the Converse 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 Converse or anywhere.

Best Mortgage Rates in Converse 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 Expert Lending Company In Converse, Texas

 

We have a variety of loans to choose from under the assistance of our qualified professionals. We are one of the best lending companies in the United States and we have a goal of giving the best possible services to our clients. Our professionals have many years of experience and therefore able to offer the best advice regarding the best mortgage option one should go for. They will enlighten you about the programs offered in your area.

According to the regulations of each loan type, they will be able to consider the best location and preferences you have so that you can have the best. All kinds of homes are included in our list and we will get the right program for a first time home loan, second home, refinancing an existing home or in need of consolidation of debt, you are at the right place.

The following mortgage loans are available for you to choose;

  • CONVENTIONAL LOANS – they have the advantages of accepting a low down payment of 3%, they have a reduced PMI, the terms are flexible in duration, low-interest rates, and no additional fees needed.
  • FHA LOANS – they are easy to qualify for, 3.5%downpayment is required, they offer rehab loans and have attractive interest rates. However, they have the disadvantage of accepting a higher DTI.
  • VA LOANS – they are very competitive because they offer full financing, require no mortgage insurance, lower closing costs, easy to qualify and have the best rates for a government loan.
  • USDA FINANCE LOANS – they offer 100% financing, no down payment, low interest rates, and low insurance cost. The only limitation is the location of the house and there is also a requirement of income. 

We intend to have good relationships with our clients so that we can grow together with them. We are highly trusted by our esteemed clients for our confidentiality. None of your details will be displayed anywhere and we keep our word. We are one of the best private mortgage lenders around and we will give you the best service ever. Your assistance and success are guaranteed because we will help you choose the best option that will work for you.

Feel free to call us at any time or chat with our experienced professionals who are live on the chat on our website. We have the lowest mortgage rates and our team will guide you on how to make your first home down payments.

Whether it is first-time buyer assistance you are looking for or a refinance, we will get you sorted. The current market conditions will determine the mortgage amount because there is a fluctuation of prices from time to time. We have a form that you need to fill and in a few seconds, you get a quote with the precise amount.

For more than 17 years, prodigy lending has been providing award-winning service. Feel free to try our pre-approval process now. 

For the past 8 years, we have been awarded the top workplaces. 

Please contact us if you have any questions!

 

 

 

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