Explore, Learn, Buy, Sell Fort Hood, TX Real Estate
Did you know that the USDA loan is not for Farms and Ranches, but single family homes? Did you know there are numerous Fort Hood, TX area subdivisions that qualify, including most of Nolanville? If you are buying a home, especially a first-time homebuyer, don’t forget to check out the USDA Loan.
Not the same as property insurance, learn about the advantages and disadvantages of the loan types (VA, FHA, Conventional) as relates to mortgage insurance.
One of the only options for financing in repair costs when buying a home – it is probably better as a last resort option. Read more about the pros and cons.
Updated 3/6/17; Originally published 8/26/15 Takeaways Budget based on your monthly mortgage payment, not your purchase price Plan on that mortgage going up Your lender is your #1 resource for planning your budget Considering buying a home? Don’t know how much home you can afford? Look no further! Starting a Home Budget The very first […]
Takeaways Are you eligible for the VA loan? Use it! Advantages / Pros The VA loan boasts numerous advantages to those who are eligible. The main advantages are the 0% down payments and lower interest rates compared to alternatives. VA loans also don’t require mortgage insurance, which can add $100 or so to a monthly […]
Updated 8/9/16, originally published 8/2/15 Takeaways The VA loan is a fantastic loan option for Fort Hood service members, but it is not a blank check. Plan ahead, budget and have an exit strategy, even if it is your “forever home” (situations change) Talk to a Realtor – especially when buying from a builder – […]
Takeaways Don’t just look at rates; Lenders can manipulate rates Get the Loan Estimates from multiple lenders to compare apples to apples Local lenders are often better prepared and resourceful than online lenders Choosing one lender over another can be very confusing, actually. Many shoppers erroneously think it is all about the rate, and they […]
This loan type is worth looking into if you are a Texas resident and military veteran or service member.
Some top producing Texas Realtors have never even touched a VA loan. Not here in the Fort Hood area. By far, the VA loan is the most prevalent loan type, making up over half of the transactions in the area. The next closest method of payment was cash deals, comprising 19% of the market. 2015 […]
What is your Debt to Income (DTI) Ratio and why does it matter when getting approved for a home loan? How do you calculate your DTI?
Information on the pros and cons of the Conventional, or conforming, mortgage home loan.
Fort Hood / Killeen area recommended lenders, and criteria to use to help choose which lender or mortgage broker is right for you.
What loan types are available to you as a buyer? Here is the short and skinny of the different loan types with a brief explanation of the benefits and restrictions. These loans apply to owner-occupied loans, meaning only homes you are intending to live in yourself. Investment homes will either be looking at an investor […]