Prodigy Home Loan Interest Rates in Anthony, NM



At Prodigy Lending, we boast a network of mortgage officers spread across the United States. Our clients enjoy a dedicated expert service that suits their mortgage needs. Armed with a wide product range, favorable rates, and sector experience, our winning combination ensures we customize mortgage solutions that surpass your expectations. We acknowledge that our clients fall under different categories, due to their current situation and circumstances. We make an effort to cater to you where you are. Whether you are buying your first home or refinancing your existing home, we are on standby to help you get the product that meets your needs.

El Paso beckons! We have heard your call loud and clear, and we come armed with a roadmap to owning a home in one of the most reputable and vibrant cities in the United States. You do not want to miss out on the attractive mortgage interest rates, coupled with flexible requirements. Check out our features for the soon-to-be El Paso resident.

First Time Home Buyers

There is a first time for everything. At Prodigy Lending, we pay special attention to clients wanting to buy their first home through financing. While many lenders will require a 20 percent down payment on the house price, we understand that most first time buyers may not be in a position to commit such an amount immediately. With Prodigy Lending, you will be able to deposit only 3 percent of the home price. Our dedicated loan officers will assist you to compute how much you need to save up in down payment, depending on the cost of the home.

Another important cost is, of course, the interest rate. On average, El Paso mortgage rates range between 4 percent and 5 percent. For this, we will look at your credit score, and debt to income ratio to determine which interest rate you qualify for. We will also be able to advise on whether a 15-year mortgage or a 30-year mortgage would be ideal for you depending on your financial capacity.

Other costs associated with an El Paso mortgage include closing costs and mortgage insurance. These are also a percentage of your home loan and are negotiable.

Refinancing your Home

If you already have an existing mortgage in El Paso and are looking to reduce your monthly payment, you may want to consider refinancing your loan. At Prodigy Lending, our mortgage officers will sit with you and look at your current loan, and conduct a mortgage refinance calculation based on the information you provide. The key objective will be to improve your financial position, by arriving at a loan term that balances between an affordable monthly repayment, and a reduced interest rate.

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