Expert of Conventional Home Loan, FHA Home Loan & USDA Home Loan In Portland, 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 11/22/2019 and subject to change without notice."

First-Time Home Buyer in Portland, Texas

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

Portland First Time Home Buyer Programs

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

Affordable Housing Corporation of the State of Texas

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

Free Homebuyer Education Classes in Portland

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

Best Mortgage Rates in Portland 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 Professional Prodigy Lending Home Loan Company In Portland, Texas

     

    Owing to the rise in demand for properties across Portland, many home loan lenders have set camp in the city, in order to rake in the profits that it offers. This has made it difficult for first time home buyers to choose the lender to go with, therefore leaving them between the devil and the deep blue sea. However, this should never be the problem as we here at Prodigy Lending Home Loans are what you have been looking for. We are the leading lending agency, not only in Portland but also across the country, owing to the award-winning services and products that we offer. Once you contact us, we take time to listen to what you need, so that we can deliver just what you need if not better. Therefore, you should not waste any time, give us a call and we will help you in earnest. 

    Conventional Home Loan

    It is worth noting that we here at Prodigy Lending Home Loans are jack of all trades when it comes to mortgages and home loans. That is why we offer conventional home loan alongside other home loans and services like refinancing your loans and consolidating your debts. What makes our conventional home loan to stand out is its low down payment requirement of 3% as well as reduced mortgage insurance costs. In addition, our conventional home loan comes in 30, 20, 15, and 10-year terms mortgages for you to choose. 

    FHA Home Loan 

    Another home loan program that is popular with us is the Federal Housing Administration loan. This home loan program is very popular, owing to the low-interest rates that it attracts thus making it cost-effective. In addition, the FHA home loan asks for 3.5% of the amount you are applying for as down payment, which goes a long way in helping you save. To cap it off, this home loan program has lenient requirements that you need to meet in order to qualify, thus easing the process of qualification for the home loan program. 

    VA and USDA Home Loan 

    In a bid to offer everyone a chance of owning a home, here at Prodigy Lending Home Loans, we offer both VA and USDA home loan specifically tailored for the people who have served as veterans and middle-income earners respectively. The good thing with both of these home loans is that they offer 100% financing, which goes a long way in helping you avoid additional debts. In addition, they have lenient guidelines that you need to surpass, making it easy to qualify. The VA home loan does not attract any mortgage insurance costs while USDA home loan does not demand any down payment. 

    Please contact us if you have any questions!

 

 

 

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