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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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There are programs in the Grand Prairie area to help first time home buyers. The first to consider is HCDD which is Grand Prairie’s Housing and Community Development Department. This program offers assistance via HAP, the Home-buyer Assistance Program in Grand Prairie.