The Professional Home Loan Agency In Frisco, Texas


About Us

Prodigy Lending is a company that offers mortgage services across the United States. We are based in Houston, Texas. We deal in the purchase, refinancing and home equity. Our team is made up of experienced professionals who are ready to advise and help you in the mortgage process. At Prodigy Lending, we offer our clients the highest quality service and we have been recognized for winning services for seventeen years. We have several loan programs and our team will ensure that you get into a program that is suitable for your needs at the lowest rate possible.

We help you find the right mortgage for you!


At Prodigy Lending we mainly have four loan programs: Conventional home loans, FHA home loans, VA home loans, and USDA home loans. 


Also referred to as traditional or ‘vanilla’ mortgages. The main considerations are the minimum down payments, credit ratings of the borrower and the debt-to-income ratio of the borrower. The key features are:

  • A minimum credit score of 620
  • Low Down Payment – 3% Down on Conventional Loans
  • Reduced PMI compared to FHA Loans
  • Terms ranging from 10 to 30-year mortgages
  • Low-Interest Rates with approved scores
  • No Lender Fees

These loans are suitable for borrowers with a secure financial standing, who can pay more down payments and have a very low chance of default. These loans are not insured by the government as in the case of FHA home loans. Therefore, the requirements for these types of loans are tougher. On a brighter note, these loans have lower premiums due to the large down payments. However, these loans take a shorter time to process and can be used for a variety of property including investment property as compared to the other types of loans such as FHA loans.

Requirements are:

  • A minimum credit score of 620
  • Traditionally, down payments were 20% but now is 3% to compete with the FHA home loan.


These are loans which are insured by the government and are suitable for borrowers with credit issues or problematic credit history such as bankruptcy. The requirements are as follows:

  • Low Down Payment 3.5% down
  • Easy Qualifications
  • Attractive Interest Rates
  • Rehab Loans Available
  • Higher Debt To Income To Qualify
  • Mortgage Insurance

These loans are assumable, have little to no restrictions on the credit score of the borrower, have low down payments and a borrower can be helped to pay off the loan by other parties. The loan limits depend on the state and county of the borrower. For example, if the borrower wishes to acquire property in Frisco, Texas, the loan limit will depend on the FHA home loan limit in Frisco.


These are loans backed by the United States Department of Veterans Affairs and eligible borrowers are active military members as well as veterans. 

  • 100% Financing for VA’s
  • No Mortgage Insurance for VA’s
  • VA Loans closing costs are lower
  • Easy to qualify for a VA Loan
  • Best Rates For A Government Loan

These loans require no down payment. These loans have a funding fee to allow for the continuity of the program. For first time home buyers, it is 2.15 percent of the property while for repeat buyers, it is 3.3 percent. However, veterans with service-connected disabilities do not pay the funding fee. Furthermore, the borrower requires a VA loan certificate of eligibility which can be applied for through the lender or online. 


These loans are backed by the United States Department of Agriculture, hence the name USDA. They may also be referred to as the Rural Development Guaranteed Housing Loan Program and is the least popular mortgage program.

These loans are meant to boost life in Rural America and are mostly used to purchase or upgrade the property. The key features for these loans are:

  • No down payment is required
  • Low-interest rates
  • Are accessible
  • Has a variety of programs within the program; direct, loan guarantee and home improvement loan.
  • 100% Financing!!!
  • Low Mortgage Insurance Cost


Prodigy Lending Home Loans has been awarded in the past:

  • For winning service for the past seventeen years
  • As a Top Work Place for the past eight years 


At Prodigy Lending, you are important and we are here to serve you. In case of any questions, you can contact us through the contact information on our website. However, if you would like to directly talk to a professional, you can call us on the number provided during our working hours.