Expert For FHA Home Loans, Conventional Home Loans & Home Buyer Loans In Schertz, 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 Schertz, Texas

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

Schertz First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Schertz

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

Best Mortgage Rates in Schertz 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 Effective Prodigy Lending Team For The First Time Home Buyers In Schertz, Texas

Prodigy Lending team is known for its excellent services in the lending community. We have a team of experienced professionals who would give you the best services to get financing for First Time Home Buyer s or refinancing.

Choose your home loan now with us!

CONVENTIONAL HOME LOANS – they are available with low down payments of 3%, the terms are flexible, the PMI is reduced, they need low-interest rates as long as you have the scores, and require no lender fees.

FHA HOME LOANS – they require a low down payment of 3.5 percent, are easy to qualify for, they give attractive interest rates and rehabilitation loans are also offered. They, however, need a higher DTI.

VA HOME LOANS – are given to veterans and their families. They give 100% financing, no mortgage insurance needed, the closing costs are lower, are easy to qualify for and they give the best rates.

USDA HOME LOANS – they offer 100% financing, require no down payment, offer low-interest rates and have low insurance costs. The disadvantage is that they are limited to the site and require a good source of income.

Our team of experts will help you identify the best mortgage for you. We give the best services to our clients and are aimed at ensuring that we keep good relationships with them. We facilitate you to get First Time Home Buyer incentives, second home financing, vacation home, debt consolidation or refinancing an existing mortgage. These we will make sure that you get them at the most competitive rates.  The best program which matches your qualifications will be chosen for you. If you have a specific site you would like to invest in, that will be considered as well as meeting all your expectations.

We are known and respected for confidentiality. Our clients’ information is never shared anywhere. We want to keep you as our client for many years to come. We guarantee you a smile at the end because we will assist and follow up on every detail to the end. Since the market conditions are not constant, you need to fill a form and get a quote showing the current rates and total mortgage amount. We will assist First Time Home Buyers with bad credit. We have ways of doing it by looking at other options available like the availability of liquid assets and other properties owned. 

The many years of service have given us knowledge on the market trends and we know how to overcome the common challenges. Feel free to call us or use the interactive tools on our website for assistance. We are glad to continue working with you.

We are the proud winner of the top workplaces for 8 years. Excellence has gotten us there and we feel honored. We are looking forward to serving you even better.

We have been conducting an award-winning service for the past 17 years and we would like to have you in. Please start the pre-approval process now.

Please contact us if you have any questions!

 

 

 

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