First Time Homebuyer Loans in Texas

Are you a first time homebuyer in Dallas or elsewhere in Texas? We know how exciting this time is, but we know it can be daunting too. Right now, you have so many questions about buying a home: “What type of loan do I need? How will I afford my down payment? What if my credit score isn’t perfect?”

We are here to answer these and all other questions you might have about shopping for your first home in Texas.

Buying Your First Home Can Be Easy

Whatever obstacles you might be facing, New Frontier Financial Inc. is here to make the process of purchasing your first home a smooth and easy one. Here is how we can help:

• We walk you through the entire home buying process one step at a time. There will never be a moment a loan expert isn’t standing by ready to help you with what you need to do next.
• We answer your questions—including some you might not have thought of yet! Since we have worked with so many first time homebuyers in TX, we can anticipate many of the challenges you might be facing as well as details of the process you may not have considered. We will educate you on your loan options so that you can make the right choice.
• Have questions about real estate? Our Owner & CEO Martha Walters was a top real estate agent before she went into the mortgage business. So, we can not only answer your questions about home loans, but also help you better understand the TX real estate market.

We Can Help You Choose the Right Loan

We offer these types of mortgages to first time homebuyers:

Conventional: A conventional conforming mortgage is one that falls within the Fannie Mae and Freddie Mac guidelines and is not government-insured. Many first time homebuyers in TX choose conventional loans for their flexibility. Fixed and adjustable rates are available, and down payments start as low as 3%.

Jumbo: Sometimes, you may need to borrow more than is possible with a conventional conforming loan to buy your first home. Jumbo mortgages allow you to exceed the Fannie Mae and Freddie Mac cap for conforming loans.

FHA: A favorite among first time homebuyers in Texas, FHA mortgages are insured by the Federal Housing Administration. Key features that make FHA mortgages attractive to first time homebuyers include affordable interest rates, flexible credit requirements, and down payments starting at only 3.5%.

VA: Did you serve in our nation’s armed forces? First time homebuyers who are veterans, active-duty service members, or eligible surviving spouses may buy their first homes with VA mortgages. The Department of Veterans Affairs insures VA loans. Affordable rates, zero down payment, and no PMI make them ideal for those shopping for their first homes in Texas.

Non-QM: Applying for your first home loan if you are self-employed can lead to difficulties with the big banks. As an independent mortgage broker, we do things differently. You can use your bank statements as proof of your income by applying for this type of mortgage. No W-2 is required.

Buy Your First Home in Texas Now

Are you ready to take the next step toward buying a home? Please give us a call today at (469) 886-8300 to schedule your consultation. New Frontier Financial Inc. works with first time homebuyers in Dallas, Fort Worth, Waco, and throughout the state of TX.