Mount Olympus was the home of the gods in Greek mythology, but you don’t have to climb any superhuman or financial summit to become the god and goddess of own new Lennar home—you just have to get past the intimidating myths that keep you from it.
If anything, right now is the time to buy—as in, stop reading immediately and go see one of Lennar’s new homes for sale in Dallas, TX, especially with mortgage rates below 4 percent. In fact, during the week ending Aug. 22, 30-year fixed-rate mortgages fell to 3.55 percent.
But wait, you say, what about all those myths that have prevented me from obtaining the godlike powers of homeownership? Lennar’s Dragonglass-in-Dallas dagger kills these pesky homebuying myths once and for all:
Myth #1: You need a 20-percent DownPayment
No, you don’t need to have a 20-percent cash down payment as a first-time homebuyer. KeepingMattersCurrent.com says the average now is only 6 percent, while USA Today reports that veterans can put down 5 percent, with an FHA mortgage as low as 3 percent.
Let’s do some quick figuring. Lennar boasts 11 communities coming soon, including Woodcreek in Fate, Elements at Veridian, a new active-adult community in Arlington, and Trinity Crossing in Forney, where new homes start at $149,990. For qualified homebuyers, if your down payment is 6 percent, that means your new home in ideal Forney, would need … wait for it … only about $9,000.
What’s more, you get your new Lennar home with Everything’s Included®, the homebuilding signature that provides features other builders pass on as costly add-ons.
Myth #2: You need a Perfect Credit Score
No, you don’t have to have a perfect credit score. The average score has been falling. Most lenders, according to USA Today and KeepingCurrentMatters.com, don’t require scores higher than 700, with the FHA looking for only about 580. Even better, you don’t have to have all your student loans paid off, either.
Myth #3: It’s Not a Good Time to Buy
Don’t buy into the now-is-a-bad-time myth. Aside from interest rates being so low, the Dallas market is still awesome. While home prices have inched up nearly 3 percent in the last year, Dallas News says they’re still at their lowest levels in seven years. With so many new homes for sale in Dallas, TX, and such a huge variety of them throughout the Metroplex, Lennar’s the leading myth-buster in north Texas.
To learn more, contact Lennar’s Dallas-Fort Worth Internet New Home team at 866-314-4477 and visit our