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Lufkin, TX Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Lufkin TexasIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you money ...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Special Government Home Renovation Loan Program using Lufkin TX FHA 203k Loans.     Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA(a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.         However, this loan program doesn't allow for "luxury items" in your home such as a swimming pool, hot tub, or other accessories. Repaint, remodel cabinetry in kitchens and bathrooms, add wallpaper, replace appliances and flooring and even a add a room to an existing structure (which will increase the value of the homes square footage).         One of the biggest advant...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Special Government Home Renovation Loan Program with FHA 203k Loans Lufkin TX.     Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA(a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.         "Luxury items" like a hot tub and a swimming pool are not allowed by this FHA loan program. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms.         Many advantages exist with this gover...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
The benefits of a preapproval (not prequalification) for Lufkin TX Home Loans       A lot of consumers are not educated enough on how they should go about buying a home.  This can be extremely stressful or enjoyable depending on how you choose to go about the home buying process for homes in Lufkin TX and surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.     Education     The proper way to go about buying a home in Lufkin, Texas begins with getting preapproved for your home loan. Take note that we didn't say anything about getting pre-qualified because in today's mortgage industry it is meaningless. It is important to choose...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
We offer a very Special Government Home Renovation Loan Program with Lufkin TX FHA 203k Loans.     Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA(a department within HUD). Existing home owners or potential home buyers can remodel and update their homes without having a higher cost second lien because of this FHA loan program.         "Luxury items" like a hot tub and a swimming pool are not allowed by this FHA loan program. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms.         One of the biggest advantages to this government loa...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Lufkin TX VA Loans is the best loan program in Texas!     Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today.     Here are some of the great features of this fantastic program:     - Up to 100% financing, with no down required.   - No monthly mortgage insurance.   - Easier credit qualifying compared to other types of mortgage loans.   - VA Mortgage Rates are low compared to other types of home loans.      So how do you qualify for Lufkin TX VA Loans ?     First of all, you must verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. You can work with an approved Texas VA mortgage loan lender to order your COE quickly, or you can contact the VA to obtain a...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Looking to purchase a home or refinance using your Texas VA Loan benefits?  The rate you can obtain is a big factor in determining the lender you will choose as well as what your payment will be.   The market can be volatile, and Lufkin TX VA Loan Rates many times change daily, and fluctuate sometimes during the course of single a day.   So why does this happen, and what determines the interest rates you can get?   All mortgage products are backed by bonds, or securities  that are traded on wall street like stocks. Bonds are the investment instruments that backs mortgage, including VA Loan products. Mortgage bonds are also called mortgage backed securities.   Just as the stock market can go up and down during a day, so can mortgage backed securities, therefore influencing all mortgage r...
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By Tim Alvey
(Alvey Real Estate)
Before you begin your search for that new home you will need to get pre-qualified. Unless you are paying cash for your first home you will have to go through the process of applying for a mortgage.I would recommend consulting a mortgage loan specialist before you begin your search. You will need to know how much you will need for the down payment, closing costs and other costs that pertain to the home buying experience. Then after you get all this information taken care of then I would suggest consultinga Realtor to help you with the process of finding that just right home for you and to take care of any paper work and guide you through the process of making an offer and getting you through the closing process. Buying a home can be a great experience with the assistance of qualified pro...
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