How to Buy Land in the Texas Hill Country

Buying land for your dream homesite may seem like a daunting task. It is actually exciting and surprisingly easy. If you follow these simple guidelines, you’ll be purchasing that perfect lot of land in New Braunfels at Havenwood in no time!

Visit the property at different times of the day. This lets you know not only what a community looks like at day and night but also expected noise levels.

Drive through the area. Hop in the car and test out different ways to navigate through New Braunfels and Gruene. This can help you estimate commute times from work and how close amenities, like the grocery store or post office, would be from your home.

Follow news about your new home. It’s a good and easy way to know what is going on in the area. Begin following the New Braunfels Herald-Zeitung and look for community pages on Facebook – you can usually learn more local news and find events in the area. The Havenwood at Hunter’s Crossing page also provides information on the New Braunfels community!

Check with the city for zoning and building codes. if you’re armed with this knowledge there will be fewer surprises after land is purchased. Have questions? Sit in on a New Braunfels City Council meeting or contact local government officials for more information.

All these are great tips for buying land in the Texas Hill Country. Want to learn more about your dream homesite? Please visit havenwoodtexas.com.

Getting a Home Loan

Getting a home loan can be a time consuming process, especially if you aren’t prepared. If you are looking at taking the step toward building a dream home in the beautiful Texas Hill Country you might need the financial boost that a loan would offer.

When starting the process for a home loan make sure to gather these things:

  • Photo ID and Social Security Card
  • W2 forms from the past two years
  • Pay stubs from the last two months
  • Checking & savings account statements from the past three months
  • A record of any debts (car, credit card, etc)
  • Record of any other real estate or mortgage payments
  • A good credit score (a score of 720 or above will serve you well)

If you’re ready to call Havenwood home, contact us today by clicking here.

 

Home Mortgage Rate Basics

Now that you have found the perfect homesite at Havenwood, it’s time to start looking at building your custom dream home. Even if this is your second home, mortgage rates can often be confusing. Hopefully we can clarify everything there is to know about home mortgages.

First of all, a home mortgage bridges the gap of the money you can put down on a home (or with a builder) and the amount that you still need to pay. It can have either an adjustable rate or a fixed rate. Adjustable Rate Mortgages have changing interest rates, meaning the amount of your payment can fluctuate monthly. Typically, there is a cap to how high the rates can go. A Fixed Rate Mortgage means that the interest rates, and your payments, will always stay the same. If you have any questions about which is right for you be sure to ask your lender.

The Annual Percentage Rate (APR) is the cost of a loan calculated by its yearly interest rate which includes the interest, points, mortgage insurance, and other fees associated with the loan. Escrow is the amount from your monthly payments that your lender puts towards various expenses like property taxes and homeowners insurance. Mortgage Insurance is beneficial towards your lender, not you. It is required if you pay less than 20 percent of the purchase price on a down payment and protects the lender if you default on your loan.

Have more home mortgage rate questions? You can always contact The Texas Land Man on Facebook, or leave a comment below!

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