LGI Homes New Year Sales Event, $5,000 off All New Homes at Sunrise Meadow – THIS WEEKEND ONLY!

Categories: Houston, LGI Homes, Sunrise Meadow No Comments »

LGI Homes Sunrise Meadow

Wouldn’t it be great to start off the New Year living in a brand new LGI Home in Sunrise Meadow? Don’t spend another year wasting money on rent. This weekend only at the LGI Homes New Year Sales Event, Sunrise Meadow is offering $5,000 off all homes.  With $5,000 off, No Down Payment Required, and interest rates at historic 52 year lows, there has never been a better time to buy the home of your dreams.

If homeownership is not one of your 2011 New Year’s Resolutions it should be.  This is the year to stop wasting money on rent!  Take the first step towards ownership; call today and set an appointment to attend the LGI Homes New Year Sales Event this weekend only.  

The LGI Homes Information Center at Sunrise Meadow will be open from 8:00am to 8:00pm on New Year’s Day.  Stop by to see the exciting new floor plans LGI Homes is now offering at Sunrise Meadow.  You won’t want to miss this; I can give you 5,000 reasons why. 

Common Questions for First-Time Homebuyers

Categories: Canyon Crossing, Chisholm Springs, Creekside Village, Deer Creek, Fort Worth, Houston, LGI Homes, Phoenix, San Antonio, Sunrise Meadow 1 Comment »

LGI Homes - Common Questions for First-Time Homebuyers

Why should I buy, instead of rent?

Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are.

 

How much money will I have to come up with to buy a home?

Answer: Well, that depends on a number of factors, including the cost of the house and the type of mortgage you get. In general, you need to come up with enough money to cover three costs: earnest money – the deposit you make on the home when you submit your offer, to prove to the seller that you are serious about wanting to buy the house; the down payment, a percentage of the cost of the home that you must pay when you go to settlement; and closing costs, the costs associated with processing the paperwork to buy a house.

The more money you can put into your down payment, the lower your mortgage payments will be. Some types of loans require 10-20% of the purchase price. That’s why many first-time homebuyers turn to FHA for help. FHA loans require only 3% down – and sometimes less.

Closing costs – which you will pay at settlement – average 3-4% of the price of your home. These costs cover various fees your lender charges and other processing expenses. When you apply for your loan, your lender will give you an estimate of the closing costs, so you won’t be caught by surprise.

 

How do I know if I can get a loan? Read the rest of this entry »

LGI Homes on fast track with lot acquisitions, expansion to Phoenix

Categories: Houston, LGI Homes, News, Phoenix 1 Comment »

Houston Business Journal – by Jennifer Dawson

LGI HOMES

Eric Lipar has LGI Homes on a fast track for growth because the CEO wants to take the company public within the next five years.

LGI Homes recently acquired 313 home lots in the Houston area, has another 200 lots under contract and is opening an office in Phoenix — the first time it has expanded outside Texas. On top of that, the Conroe-based homebuilder broke a company record in October by closing on the sale of 57 new starter homes in one month. That breaks the previous LGI Homes record, set in February 2008, of 56 closings. The company ranked No. 12 on the Houston Business Journal list of Largest Houston-Area Homebuilders with 2009 local gross revenue of $28.5 million.

Lipar is lining up multiple capital sources and buying land and home lots to fuel strategic plans at the company, which he owns with his father, Tom Lipar. The CEO says a family-owned business only has two exit strategies — sell or go public. LGI Homes chose the stock option.

The homebuilder is opening a Phoenix office because the company needs to have operations in at least two markets besides Texas to go public, Lipar says. LGI Homes intends to expand into Atlanta or one of the Florida markets in 2012 to meet that requirement.

Tony Avila, with San Francisco-based Avila Advisors, is guiding LGI Homes on future growth plans. Avila also paired LGI Homes with New York-based GoldenTree InSite Partners earlier this year to create a $50 million joint venture to buy discounted home lots (see “LGI Homes, GoldenTree InSite targets dirt-cheap lots,” April 2, 2010, at bizjournals.com/houston). GoldenTree InSite, which goes by GTIS, was one impetus behind expanding in Phoenix. Lipar says both joint venture partners believe Phoenix is a great long-term market because it has a large inventory of finished home lots available at a discount.

Lipar expects land prices in Phoenix to hit bottom in 2011, making it a good place to sell homes in 2012. Read the rest of this entry »

Start Off 2011 Living in a Brand New House by LGI Homes!

Categories: Houston, LGI Homes, Sunrise Meadow No Comments »

LGI Homes Sunrise Meadow

Wouldn’t it be great to start off the new year living in a brand new house by LGI Homes? Don’t spend another year wasting money on rent. With $5,000 OFF all homes and interest rates at historic 52 year lows, there has never been a better time to buy the home of your dreams at Sunrise Meadow.  As an added bonus you won’t have to make a payment until February 2011!

Sunrise Meadow offers 100% financing with USDA backed-loans.  There are only 10 homes left that can close by December 31, 2010! Call us now to speak with a new home consultant for more information about how you could be one step closer to fulfilling your dream of home ownership in 2010.