Competitive Conventional Home Loan, FHA Home Loans & First Time Home Buyer Assistance In Elmendorf, 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 Elmendorf, Texas

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

Elmendorf First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Elmendorf

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

Best Mortgage Rates in Elmendorf 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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The Knowledgeable Private Mortgage Company For The First Time Home Buyer In Elmendorf, Texas 

 

Prodigy Lending is the best choice for anyone seeking a first time home buyer assistanceWe have for 8 years consecutively been awarded one of the top workplaces.

Our company has been providing award-winning services for 17 years now. You are welcome to take this opportunity and get into the pre-approval process.

CHOOSE A MORTGAGE NOW!

We help clients choose the best mortgage for themselves. We have conventional, FHA, VA, USDA home mortgage loans for you to choose from.

Conventional Home Loan comes with a low down payment of 3 percent, reduced PMI, flexible terms, low-interest rate with approved scores and no lender fees.

FHA Home Loans have the advantage of a low down payment as well, it is easy to qualify for them, attractive interest rates and rehabilitation loans are available but the loans require a higher DTI ratio.

VA Home Loans are given to qualifying veteran officers and their families. They come with 100 percent financing, no mortgage insurance, closing costs are lower and are easy to qualify for. They have the best government rates

USDA Home Loans are also 100 percent financed, they require no down payment and the interest rates are low. They have lower mortgage insurance as well but one must have a regular source of income to qualify and also qualify for the location which must be in a rural area.

For each of the home loans above, we will ensure that you enjoy the best rates.  Whether it is a first time home buyer program, a vacation home, dream home, refinancing a mortgage or debt consolidation. 

Our services are the best and our professionals are equipped with the skills needed.  You don’t need to worry about the program to choose from because we have the know-how of the local market.

Your expectations are our goals as far as your mortgage is concerned. Don’t hesitate to mention the location of your choice so that we can give you the best offer. We intend to establish a lasting relationship with our clients and offer excellent services to them for many years

We will be discreet with your information because, with us, confidentiality is key. This has made us be recognized and trusted in the entire lending community. Do you want to purchase a new house or refinance an existing mortgage? We are here to help get competitive prices for you.

We will ensure that the total costs for the mortgage are lowered. We are among the best companies around and we guarantee the best option for you. 

We have been in the business for a long time and we are aware of all the conditions and changes in the market and we will apply all the tricks to make you qualify.

Do not be alarmed if your credit history is not so good because we have a program for a first time home buyer with bad credit.

Give us a call or utilize our interactive tools on the website. We are honored to serve you.

Please contact us if you have any questions!

 

 

 

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