Other Benefits Of FHA Loans in Grand Prairie. FHA loans in Grand Prairie also offer other really great perks to their borrowers. They offer down payment assistance which is great for many borrowers because coming up with the down payment is one of the most difficult financial parts of the home buying process.
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A VA loan in Grand Prairie, or anywhere for that matter, is a loan that is backed by the Department of Veteran’s Affairs and they were enacted as part of the GI Bill. These loans are offered to retired veterans, active military, honorably discharged, and widowed spouses of military members killed in action.
Mid America Mortgage Southwest is a Grand Prairie, Texas mortgage lender. We treat each customer as an individual. Call us today to get started on your loan!
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Grand Prairie, TX – First Time Home Buyer Loans. There are 5 types of first time home buyer loans. You may select different loan terms, such as a fixed rate or adjustable rate mortgage, and the number of years to repay the loan (such as a 30 year fixed rate mortgage).
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100 Percent Financing Mortgages Though most lenders do not offer 100 percent financing, some may offer two loans for one property to borrowers with high credit scores. A piggyback mortgage, which is also called an 80/20 loan, means that a buyer can finance 80 percent of the purchase price as the first mortgage, with the other 20 percent financed through a second loan.
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