Here in North Texas, the housing market can be tough. With all of the people moving in, we have seen a population boom, and our available stock of housing units just are not meeting the demand. The move from renting to becoming a first-time homebuyer can also be difficult to navigate in any market, and these are just some of the reasons why so many people struggle to make the switch.
When you want to know more about your options in owning a home for the first time, speak with our team of trusted local home loan originators at Family Home Loan Texas in Frisco, TX. We can help you to better understand your options in available loans for financing on your new property. Our team is also here to give you some ideas of what programs are accessible here in North Texas, including down payment and closing cost assistance. Give us a call today and schedule a time to meet to discuss your future!
The Market Is Shifting In 2024
As you start to think about your options in moving into owning a home, it is important to keep an eye on the housing market. You want to know that you have all the information that you need to make the right decision for your family, and understanding recent shifts and trends can help you to have the tools to know your timeline.
During the COVID-19 pandemic, housing prices increased drastically over a short period of time. Coupled with rising inflation, it became much more difficult for the average person to purchase a home, as there were bidding wars, forcing people to pay significantly over asking price. There seem to be some changes happening in 2024, and there may be an opening for you to take action.
Navigating The First-Time Homebuyer Experience
When you decide that 2024 is your time to make a change, talk to a trusted loan originator to learn about ways to make owning your own home a reality. While it may seem like an insurmountable task, becoming a first-time homebuyer may be more accessible than you think.
There are multiple down payment assistance programs available in North Texas, as well as those designed to help you pay your closing costs. These depend on the city in which you plan on purchasing your home, so they differ between Frisco, Garland, Arlington, and Dallas. Our team is here to help you understand your options.
Find Out More With FHL Texas!
If it is time to make the move from renting into owning, talk to our team about your possibilities. To find out more about becoming a first-time homebuyer, give us a call at FHL Texas in Frisco, TX at (214)447-7575!
