Archive for November 19, 2018

New Home Builders Can Make Your Dreams Come True

Written by Family Fun. Posted in New construction homes, New construction homes dallas, New construction homes in houston

While traditionally, people assume they need to have 20% down in order to buy a home,the reality is that the average home buyer only puts down about 5% of the purchase price. This dramatically reduces the upfront costs of buying a home making it more readily available to a wider range of people.
While traditionally, potential home buyers needed a minimum credit score of 620 to qualify for a home loan, the minimum score needed for an FHA loan is 500. Once again, this makes home buying accessible to a wider range of people. People with lower incomes or questionable credit history have a better chance of buying a home than they did in the past.
While the idea of owning a home outright may seem impossible, according to a recent market research study, roughly 34% of home owners have paid off their homes and have 100% equity. The dream of home ownership without a monthly mortgage payment is possible.
Following the housing crisis of 2008, many people became nervous about the