Thinking about buying a new home? It’s not too late to benefit from the First-Time Homebuyer Tax Credit. You may still be eligible for a tax credit worth up for $8,000.

Federal Homebuyer Tax Credit Summary

The current $8,000 tax credit available to First-Time homebuyers, and those who have not owned in the last three years, is extended to April 20, 2010.  In addition a new tax credit in the amount of $6,500 for Repeat buyers has been created.  A Repeat buyer is defined as an individual who has owned and resided in a home any five consecutive year period of the last eight years. Also the new tax credit may provide an additional extension for active-duty military personnel who serve outside the United States.

The Federal Homebuyer Tax Credit applies to home contracted for sale by April 30, 2010 and close by June 30, 2010 and does not have to be repaid.

LGI Homes Can Help!

With today’s historic low interest rates many people are finding out they can own a brand new home for less than they are paying in rent.  At LGI Homes we have new homes starting as low as $599 per month.

LGI Homes is the leader in affordable housing for First-Time Homebuyers.  With communities in Houston, San Antonio, and Fort Worth we have the perfect home for you and your family to realize the American dream of homeownership.

You have a limited time to take advantage of this Tax Credit. Take the first step towards homeownership and visit one of the beautiful LGI Homes communities today. For details and additional information on the Federal Homebuyer Tax Credit, visit FederalHousingTaxCredit.com.

Don’t Miss Out!  Take advantage of this limited time offer.

Where will you be spending the holiday season? How about in your brand new home!

There is still time to purchase your new home and be moved in by Christmas but you must act quickly. And as an added bonus you may be eligible to receive an $8000 tax credit from Uncle Sam on your 2009 Tax Return.

Come in this weekend to see the great floor plans LGI Homes is now offering.  This is the last weekend to purchase to guarantee you move in before the Holidays.

The extension and expansion of the homebuyers tax credit that passed Congress November 5 allows more first-time buyers to qualify and creates an entirely new credit for existing homeowners who buy a new home.

The effective date was the date the President signed the bill, Friday November 6. It is not retroactive. However, first-time buyers who have been rushing the meet the November 30 deadline for the existing program need not worry. They can qualify under the new one. Existing homeowners who are also in the process of buying a home should consider delaying closing until December 1 or later to qualify for the credit.

Both credits expire next spring. Buyers must have a contract on a home before May 1, 2010 and they have until June 30, 2010 to close in order to qualify.  [Read this article]

Source: UPI

Houston, Texas – It’s earnings season for the home building industry, and amid the sea of public builder financials currently being reported, results like this stand out in contrast: For the 15^th consecutive quarter, LGI Homes, one of the nation’s top 100 single family home builders has achieved profitability. 

“Posting financials in the black is a rare occurrence for home builders in the current environment,” said Eric Lipar, CEO of the Houston-based housing and land development company that is achieving gross margins near 30%.  “We approach this business in a way that’s very different from other builders. This year, on average, we are generating 135 incoming leads per week, per subdivision. We feel like our unique sales and marketing model has really allowed us to side- step the housing and economic downturn.”

The company is focused on offering quality homes at very affordable prices to the first-time buyer market. According to Lipar, operating under the LGI Homes way gives the company a foundation for success that’s not dependent on creative financing, government stimulus or other unsustainable support. Read the rest of this entry »

“Juan and I are so happy in our new home thanks to you!  We wanted to tell you thank you from the bottom of our hearts for all the hard work you did.  Thank you for your dedication and working so much to get the best deal available for us and such a low interest rate.”

– Juan & Sydney, LGI Homes homeowners in Fort Worth, Texas

LGI Homes is proud to call Fort Worth, Texas home to its newest community, Deer Creek.  In celebration of this new community opening LGI Homes is offering Grand Opening Savings of $5,000 off the price of a new home in this beautiful new community.

At Deer Creek you will find affordable homes built on site starting as low as $689 per month.  This community is made up of three, four, and five bedroom homes starting in the low $100s.  Every LGI home includes quality appliances, new refrigerator, custom cabinets, fully-fenced backyard, front yard landscaping and an unmatched homeowner warranty. Read the rest of this entry »

Reason #1:  Same, or lower, monthly payments

Reason #2:  No Money Down

Reason #3:  Larger tax refund

Reason #4:  Low interest rates = lower payments

Read the rest of this entry »

Converting renters to owners propels LGI Homes’ growth.

Mike Snider likes to say that LGI Homes, where he’s executive vice president of home building, does “everything the opposite of other builders.”

That contrariness has been paying ­dividends for the Conroe, Texas–based company, whose officers claim is the only production builder among the top 200 that increased its revenue and closings in each of the last three years.

LGI has a unique business model that favors spec building, targets local renters, and follows leads with a highly trained salesforce. The company expects to break records for dollars and unit sales again in 2009 and is raising capital to ­expand beyond its two subdivisions in Houston and one in San Antonio. “There’s no reason why, in the Texas market, we can’t go to five, eight, 10 communities, take the LGI way of selling there, and be phenomenally successful,” says Eric Lipar, the builder’s president.

That confidence, in the face of a housing recession, would be laughable if it weren’t for LGI’s track record in recent years. Lipar’s father founded LGI Homes in 1995 as a land developer specializing in acreage home sites located 45 to 60 miles outside of urban centers. It continues in that business today, but five years ago its owners decided to take that business ­model into entry-level housing. A year ­later, it hired Snider, a former project ­manager at Tadian Homes in Michigan, whose training has focused on environmental sciences and land-use planning.  Read the rest of this entry »