FHA Loans Plano

The Professional Prodigy Lending Company In Plano, Texas

 

For more than seventeen years, Prodigy Lending has been in the home loan business and has built a respectable name for itself through excellence. This excellence has not gone unnoticed. We have received recognition as the Top Work Place in the United States for eight consecutive years since 2011. This is because we value excellence and we like to ensure that we give our clients the best by hiring experienced professionals. We have served over 50,000 satisfied clients and our website contains testimonials from some of our past clients.

Plano is one of the largest cities in Texas, some say it is the fifth-largest. We as Prodigy Lending want to help you get that property that you desire. You can do this through one of our four main loan programs: Conventional home loans, USDA home loans, VA home loans, and FHA home loans. We put your needs first and help you land the property you desire while saving you money and we have helped our clients save over $90,000.

To decide on which loan program that is suitable for you, it is important to understand the different programs, their requirements, their benefits and the target borrower of that particular program. If you wish to purchase or refinance a residential home in Plano, an FHA loan would suit you.

FHA loan requirements in Plano and in general allow anyone to apply for it since it is insured by the Federal Housing Authority (FHA). The features of an FHA loan include 3.5 percent down payment, mortgage insurance and higher debt to income ratio as compared to other home loans. 

Conventional home loans are suitable for investment property and an individual with good credit as the minimum score is 620 who wish to purchase or refinance property in Plano. Conventional home loans require a down payment of 3%, flexible terms ranging from 10 to 30 years, no lending fees and have the best ratio for credit scores to interest rates.

USDA home loan can be of three types, direct loans, loans guarantee, and home improvement grants and loans. These loans can be used to purchase, refinance or upgrade the property of the borrower. 

A VA (Veteran Affairs) home loan requires no down payment and offers 100% financing for the property. This home loan may be applied for by veterans, approved spouses and active members of the military. This loan has lower closing costs and requires no mortgage insurance. In addition to these features, VA home loans are easy to qualify for. 

At Prodigy Lending, we know that our clients value information hence we are on call during our working hours so that you can speak to any member of our outstanding team. We also have a lot of information on mortgages on our website to help make this process as easy as possible on you. 

Don’t hesitate to contact us for more home loans information!