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Looking for a new home, many buyers today begin their search with a serious decision: whether to buy a distressed and used home, or whether to opt for a home that is brand-new. While the common wisdom among many may be that buying a used home is “cheaper,” the reality is that new homes are often not only competitive in price with used homes, they also offer sounder value and better quality for the money! How, you may ask, can a homebuilder compete with the clearance prices seen on many used and distressed homes? The answer is simple: ingenuity, flexibility and a commitment to the dream of homeownership.

LGI Homes is The Leader in Affordable New Homes.
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To begin with, LGI Homes has made a career out of building beautiful and affordable new homes in amenity-rich communities throughout Texas and Arizona. Through our unique and efficient development process we purchase, plan, prepare and develop our own land, cutting out a number of middle men and substantially reducing the costs of building our communities—savings which we then pass on to our customers. This means that our homes can be competitively-priced from the outset, and our commitment to quality materials and sound construction practices never have to be compromised just to keep our prices low.

We also increase the affordability of our homes through our No Money Down financing plans, which allow our buyers to move into their own brand-new home for absolutely no money out of pocket. Unlike with existing or distressed homes, our buyers don’t have to sacrifice the security of their savings in order to wrangle up a hefty twenty-percent downpayment. Instead, they can increase their financial stability through their reduced costs of living, with a mortgage payment often lower than their previous monthly rent. No money down and lower monthly payments make the purchase of an LGI Homes home not just ultra-easy but ultra-affordable too.

And this affordability is something that LGI Homes is committed to extending to every buyer, even those with prior credit troubles. These buyers may think that these financial issues preclude them from ever owning their own home, but LGI Homes knows differently. Our Credit Counseling program links appropriate buyers with an LGI Homes New Home Consultant, providing a free credit report and counseling them on a range of generous financing options that pave the way toward homeownership. Try getting that kind of customer service and counseling support when buying a used or distressed home!

As you can see, there are a number of ways in which LGI Homes has perfected the process of increasing home affordability while encouraging the dream of homeownership. These efforts can’t be approximated by the number of faceless financial institutions selling distressed properties and investors flipping trouble-ridden foreclosures back into the market. Are the prices on used homes low? No one can dispute that fact. But when it comes to customer service, true quality, and the desire to make dreams come true, LGI Homes’ case seems to settle the matter squarely on the side of brand-new homes.

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Whether the holiday season means snow out-of-doors or donning a pair of mistletoe-inspired flip-flops, the comfort and warmth we feel in our homes is part of what we celebrate this time of year. Having a safe and secure home in which to enjoy the company of our friends and family touches at the heart of what home means to us all, and illuminates our celebrations whether cultural, traditional, religious or personal. Indeed the concept of home is at the heart of all of our families, and therefore at the heart of all of our festivities. And no one understands more clearly this true concept of home than LGI Homes, working, as we do, year-round to bring the settled pleasure of homeownership into reality for thousands of people.

Concept of home is at the heart of all of our families, and therefore at the heart of all of our festivities.

After all, when surrounded by the people who mean the most to us, the place in which we gather is perhaps not as important as that we gather together at all. But the joy of having others in our home, sharing our food, company, conversation and time, brings a special sort of meaning to the holidays. LGI Homes homeowners, whether just receiving the keys to their brand-new homes or marking off the years since moving in, are all acquainted with the particular gratification that comes with having ample space to host their loved ones at this time of year. From large kitchens appointed with brand-new appliances and customized cabinets, to the dedicated dining rooms available in many plans, holidays are enhanced by the guest-friendly flow and functional floorplans of each LGI Homes house. This is because each house is built expressly to be your family’s true home.

Then, after the merriment has died down and the last vestiges of holiday cheer are packed away for next year, LGI Homes homeowners also come to appreciate the restful nights that follow. Living as they do in homes built with integrity, quality and affordability in mind, they enjoy the many benefits and pleasures of homeownership, without laying awake at night worried for the state of their home’s structure, or the size of their bank account. With affordable monthly payments that are often less than rent, their financial lives are in order and on track; and with LGI Homes’ generous structural warranties, they rest soundly knowing that should any problems with their home arise, LGI Homes will be there to resolve the problem.

When it comes down to it, a home is simply a house, imbued with love and light, in which your days ought to be merry and your nights ought to offer a sleep that is sound, safe, and unfettered by worry. Why not come by this holiday season and discover what thousands of LGI Homes homeowners already know? That happiness in a house is only possible if it enables you to live the life you long to live, without fear, worry, stress or complaint. Merry days, and quiet restful nights, all in the secure warmth of your very own home—that’s what the dream of homeownership is really all about.

With Halloween come and gone, most families in the United States now turn their attention to the coming holiday season, and the joyous family reunions (and delicious food) that makes this part of the year so special. Why not make this holiday season the most memorable of all for you and your family, by making this the year that you move into your very own home? Moving into a brand-new LGI Homes house couldn’t be easier, and record-low interest rates mean that it’s more affordable than ever to get into one of our convenient and amenity-rich communities—with absolutely no money down required!

Stop wasting money on rent, head over to LGI Homes and discover affordable homeownership.

LGI Homes has made a habit of building communities near the places that people like you most want to live. With easy access to urban centers, convenient commutes, and a host of nearby shopping, dining and recreational opportunities, LGI Homes communities are located in the center of it all. For renters, the proximity of our communities to where you already live means that you don’t need to uproot your life in order to become a homeowner. Keep your doctor, your dentist, and keep your kids in their own schools; with LGI Homes, making the move from renter to homeowner can be one of the most seamless moves of your life!

Imagine enjoying this holiday season in your brand-new LGI Homes home: pulling tidy stacks of dishes from your beautiful custom cabinets, which grace a kitchen outfitted with brand-new, quality appliances. Imagine the stately Christmas tree, standing tall beneath inspiring vaulted ceilings. Imagine, for the first-time, your family seated comfortably around a dining room table in your home’s dedicated dining space. Out of town guests and family will enjoy strolling these beautiful neighborhoods, many of which include playgrounds, tot lots, and walking trails. From the first glance at the beautiful community-entryways, to the last look around your front-yard landscaping as they wave goodbye, your new LGI Homes house will be the topic of conversation and the basis of holiday happiness—both this year and for years to come.

For renters interested in coming home for the holidays, we encourage you to stop by any of our Texas new homes communities, where our new homes specialists can help you find a home that’s right for you and your family. All of our communities feature move-in ready homes, which means that you can tour the exact home that you’ll be buying—no waiting for construction to be completed, and no surprises when that construction is over. Buyers can stroll our new homes and take close note of the award-winning quality and designer detail that have set LGI Homes apart from the competition.

Once you’ve found a home you’re interested in, you’ll be amazed once more at the price. LGI Homes focuses on affordability, and in order to achieve affordability without sacrificing quality, we’ve perfected a streamlined construction process that keeps every step of our community building in-house and with our established trade associates. No middle-men means no extra cost, and from purchasing and grading the land, to the installation of carpet, LGI Homes’ unique oversight and control means that we save money during the construction process, and then pass those savings on to you. And our no-money down financing means that you won’t have to strain your budget and can focus on making your holidays shine!

With so much to be gained, it’s no wonder that your neighbors are making it a point to visit LGI Homes communities, where their monthly cost as owners is on par with what they currently pay in rent. Come home for the holidays—come to LGI Homes!

Here at LGI Homes, we have much to be thankful for, and in this season of reflection, we can only pause a moment to appreciate the things that make us—as people, as employees, as workers and as builders—truly thankful.

Here at LGI Homes we are very thankful for all of our customers.

THANKS to our customers, who have helped us realize a banner year in sales, and who continue to be at the heart of our company’s success. Their demand for quality affordable homes that offer the best in value and aesthetic appeal drives us to better ourselves—home after home, community after community. Without them, we would never be able to realize the growth and progress that has defined us since our start eight years ago.

THANKS to our employees, whose ceaseless efforts have made the dream of homeownership into a reality for nearly five hundred households this year. Their tenacity, honesty, hardwork and eagerness to learn have formed the strong central core upon which LGI Homes’ future is bound to thrive. Without them, not only would LGI Homes lack its characteristic optimism, it would also lose its most fundamental and irreplaceable asset: a staff that cares about its customers, its company, and its product.

THANKS to our trade partners, whose expertise, craftsmanship and pride in their work have set LGI Homes apart as a builder of quality. As a homebuilder, our relationships with our trade partners are some of the most important that we maintain, and we depend upon them every day to craft homes that are strong, stable, and solid. Without them, we could never have developed communities throughout Texas and Arizona that are built not just to please, but to last, and our customers would not have the peace of mind and sense of lasting value that is part and parcel of the LGI Homes ownership experience.

Thank you!

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For many renters, making the transition into homeownership seems like an arduous process, fraught with expense and confusion. Here at LGI Homes we know differently, and we’ve spent the past 8 years getting thousands of previous renters into their own brand-new homes, quickly and easily, with no unnecessary cost. Many of these renters are paying less per month to own their home than they paid out in rent, and all are enjoying the peace of mind and financial rewards that homeownership can bring. And best of all, they did it in just three easy steps. Here’s how:

Don't waste your money on rent, go from a renter to homeowner in just 3 easy steps.

1. Visit an LGI Homes community. With a number of new homes communities throughout Texas (and soon in Arizona), there’s likely an LGI Homes community near you. At each location, our sales offices offer convenient after-work and weekend hours, meaning that you can stop by at a time that works best for you. Once on the grounds of our beautiful and amenity-rich neighborhoods, you’ll be able to tour one of our move-in ready homes, and see firsthand the award-winning quality and attention to detail that has made LGI Homes communities such a popular choice.

2. Find a financing plan that works for you. Once you’ve found the home of your dreams, our new home consultants can help you explore your financing options and put you in touch with one of our preferred lenders. Our No Money Down financing allows many homebuyers to get into a brand-new home with absolutely no cash down, and we have extensive experience with FHA, USDA, and VA loans as well. Many of our renters-turned-homeowners now have monthly mortgage payments that are less than their previous rent, and they enjoy extensive tax benefits as well.

Click here to learn about NO MONEY DOWN HOMES.

3. Move into your new home! Once your sale is finalized, you’ll be handed your keys and you’ll be ready to move into your brand new home. Amazed at how easily you made the move from renter to homeowner, you’ll have no problems making the transition and settling into your gorgeous new community. Take the kids to the playground, stroll the walking trails, or set out and fish on a community lake, enjoying the relaxation and convenience that is at the heart of the LGI Homes lifestyle.

So that’s it! Three easy steps to make the move from renter to homeowner—and all the benefits that homeownership entails. But the steps can’t be made without the first move from you: visit our website or one of our new homes communities today, and see for yourself how easily you can become LGI Homes’ newest homeowner.

While many people feel that integrity and value are the best cases for opting for a new home, some are unsure whether a custom-built or “spec” home would best meet their needs.

In this article, we’ll take a closer look at the differences between custom and spec homes, talking in brief about the pros and cons of each.

To begin with, let’s define our terms. While used commonly enough in the real estate industry, “spec” is not a term many of our homebuyers have heard before, so if you’re unsure what it means, you’re certainly not alone! A “spec” home is a home constructed by a homebuilder, who is speculating that a buyer will want the home that they have built. Also called “move-in ready” or “inventory” homes, spec homes are generally completed at or just prior to the time of purchase, meaning that buyers can move in as soon as their purchase process is complete.

Custom-built homes, on the other hand, are built with the extensive involvement of the home buyer, who will generally complete the home purchase, then have a wait of up to six months before they can move into their new home. Like a spec home, custom-built homes offered by builders in most developments are based upon a pool of pre-selected floor plans, fashioned to the style and physical dimensions of the community and its land lots. Unlike a spec home, construction on these homes is only begun once a buyer is in place.

Custom-built homes are ideal for buyers who have a strong sense of what they want, and aren’t afraid to invest both time and money (often in large amounts) to get a home built to their exact specifications. Working with a builder, custom buyers can often adapt floor plans to their specific needs (choosing to include optional bedrooms or special amenities such as lofts or fireplaces), and can make detailed choices about décor such as cabinetry, flooring, paint color and façade details. The amount of work, and often frustration, in building a custom home can be huge; and not being able to “see” a finalized product can make it difficult for some buyers to envision the end result, leaving many disappointed when they see the final home.

Spec homes, on the other hand, are optimal for many families, who often want the convenience of a readily-available home, along with the lower cost of builder-selected interior upgrades. The “pro” with a spec home is experience. Builders specializing in move-in ready homes know exactly what their customers want—most have been building for years if not decades—and sales over time have taught them clearly what upgrades and features customers are most drawn to. By constructing homes with these most popular features included, builders are able to pool costs to save buyers money, while still giving them the home of their dreams. And unlike custom homes, buyers of spec homes can see the actual home they will be buying, ensuring that they’re getting exactly what they want.

While both spec and custom-built homes are great options, LGI Homes is proud to offer an extensive inventory of move-in ready homes in communities across Texas. Our experience has shown that buyers want feature-rich, well-upgraded homes built with value and affordability in mind. We’ve stuck to that template, and it’s been a successful one, making thousands of home owners glad that they went with a move-in ready home. To see what’s available right now in LGI Homes communities, visit the LGI Homes website, where you’ll find move-in ready homes built to suit every family and household.

Homebuyers researching mortgage costs are bound to be pleasantly surprised, thanks to interest rates that have been falling steadily for the past seven weeks.

With 30-year fixed mortgage rates dropping to an average 4.5 percent over the past week, financing a home purchase has never looked more affordable.

As one of the main pillars of home affordability, this recent decline in mortgage interest rates means that borrowing costs for first-time and repeat homebuyers is at an all-time high. In fact, recent research from the online real-estate firm Trulia.com showed that it is actually more affordable to purchase a home than it is to rent in 78 percent of America’s major cities. This affordability has been helped enormously by rising rents and the continued drop in mortgage rates.

Texas had a stellar showing in Trulia’s research findings, with five of the state’s major metropolises landing in the nation’s 25 most affordable locales. The most affordable Texas city, Arlington, placed third on the list, and was followed by San Antonio at #11, El Paso at #12, Houston at #13, and Dallas at #16. Of course, those standings come as no surprise to us at LGI Homes, since we’ve been building quality and affordable homes in San Antonio, Dallas and Houston for years. And it’s also no surprise that we’ve recently begun following the affordability to Phoenix, Arizona, site of our soon-to-be announced newest community, and #2 on the national affordability list.

Working in concert with our preferred lenders, we’ve made the most of recent interest rate declines and have used government programs to work out fabulous financing for homebuyers in our communities throughout Texas. In fact, we’ve been able to help many of our homebuyers purchase brand-new homes with absolutely No Money Down, and have fitted them with mortgage payments that are often less than they were paying previously in rent!

If you’re interested in taking advantage of low interest rates and sky-high affordability, there’s no time like the present. Feel free to contact us, or just stop in at one of our communities, where our New Home Consultants are ready and waiting to answer your questions, and show you around your brand new home.

Jay Brown, president of Greater Fort Worth Home Builders’ Association, recently addressed the pros and cons of purchasing new homes, as opposed to opting for a resale. In addition to the obvious advantages of new homes’

energy-efficiency, contemporary floor plans and master suites, and the ability to select appliances and flooring, there are other, less obvious reasons to go with a new home builder.

A typical urban or suburban neighborhood can be comprised of an eclectic group of residents. New neighborhoods, such as those offered by LGI Homes, are often family-focused environments, filled with friendly neighbors—many of whom likely share common interests.

Brown says that today’s builders, particularly Texas home builders, “are responding to home buyer preferences for outdoor living and entertaining. Rooms are designed to flow into each other more easily and new versions of the great room concept lend generous space for parties and informal gatherings. If you enjoy patio dining and relaxing, you’ll find that new homes offer more common areas and transitional living spaces, as well as outdoor kitchens and fireplaces.”

When looking at resale homes, would-be buyers have to imagine what the space will look like when decorated to their liking. Buying a new home allows buyers to create the home decor from the very beginning, Brown says, “without the time and expense of removing wallpaper, popcorn ceilings or dated paint colors. Having a clean slate and a sparkling new kitchen can also make new construction very appealing. Additionally, you don’t have to worry about working with overgrown shrubbery or unimaginative landscaping.”

Brown also points out that new homes are designed to accommodate modern technology in a way homes built even just five years ago couldn’t imagine. “New homes are wired or pre-wired to accommodate the latest in high-definition televisions, home theatres, DVRs, computers and other technology-related devices and applications,” he explains. “Many older homes are simply not equipped to handle the different electrical requirements of today’s (and tomorrow’s) technology.”

For more information on the way today’s homes are built, visit an LGI Homes community in San Antonio, Houston, or Fort Worth.

You’ve undoubtedly read or seen news reports about how tight financing conditions are frustrating millions of homebuyers in their attempts to secure a mortgage. The coverage makes much of the fact that these homebuyers—who have stellar credit—are considered too risky for a mortgage, because they are unable to put 20 percent down on the purchase of their home. Although interested in buying a home, you may have seen these stories and thought to yourself, “If they can’t get a mortgage, I certainly couldn’t get one either!” Figuring you’d never be able to secure a mortgage, you may have thought that fulfilling your dream of homeownership just wasn’t in the stars. But this isn’t necessarily true.

If you’ve been weighing your options and decided that buying a home now seems like the right move for you, LGI Homes is here to show you that your goals don’t have to be derailed by bad mortgage news. Instead, smart buyers just like you are moving into brand-new homes, financed through low-rate mortgages that require little to no money down. We know, because we’re helping them do it every day, in many of our new home communities across the state of Texas.

When you hear about today’s tight lending market, much of that coverage pertains to private lenders, who don’t operate within the confines of loans backed by the Federal Housing Administration, or FHA. FHA loans are popular with first-time and moderate income buyers, because they require downpayments of only 3.5 percent, and have lending terms that are more lenient for individuals with prior credit troubles. LGI Homes has extensive experience helping home shoppers qualify for FHA loans, and our on-site mortgage specialists can answer any questions you may have about the process.

In addition to FHA loans, many homebuyers are taking advantage of USDA home loan programs that allow buyers to purchase a home with absolutely no money down. The USDA program incentivizes development in rural areas with populations of less than 20,000 people. Many of our LGI Homes communities, while conveniently located near major metropolitan areas, are situated in just these types of locations. Interested homebuyers can find financing through the USDA that requires no downpayment, has no maximum on house purchase price, and has lenient terms on funding for closing costs. LGI Homes has helped hundreds of homeowners secure USDA-backed financing for their brand-new homes… why not you?

To find out more about LGI Homes can help you finance your purchase of a beautiful and brand-new home, just contact us.

A new poll by the Allstate insurance company and the National Journal finds that despite the recent real-estate market crash, the majority of Americans remains bullish on homeownership and believe buying a house is an integral part of the American dream.

The eighth quarterly Allstate-National Journal Heartland Monitor Poll shows that almost nine out of 10 homeowners say they would buy their homes again—even among those whose homes had decreased in value over the last few years.

While the stagnant economy and credit crunch has made securing home loans more difficult, three-fourths of respondents believe it is still possible for average citizens to achieve the American Dream, which the poll defined as the ability to advance as far as an individual’s talents will take them and to live a “better life” than their parents did. Nearly 60 percent of those polled said they currently are living the American Dream, and respondents identified owning their own home as one of the most critical parts of that dream, second only to raising a family.

Thomas J. Wilson, Allstate chairman, president and chief executive officer calls owning a home “the bedrock of the American Dream – even as incomes are down, jobs are scarce and families struggle to make ends meet. Homeownership is viewed positively by the vast majority of Americans as both a place to raise a family and a sound investment. As a result, financial institutions and the government must work together to ensure that those who can afford their homes stay in them and this opportunity remains a viable alternative for all Americans.”

Ronald Brownstein, editorial director of National Journal Group adds: “Homeownership retains a powerful, almost tidal, grip on the American imagination. Even the economic experiences of the last several years don’t seem to have dimmed the yearning for ownership. But we do see that the public is much more ambivalent about whether the nation’s focus on expanding homeownership is a good thing for the country overall, with even the traditionally sacred cow of the mortgage tax deduction raising questions.”

Interestingly, three-fourths of homeowners said they have not benefited from any federal program to promote ownership. However, 71 percent of those same owners acknowledged they take the mortgage interest deduction on their taxes, indicating they don’t see that provision as coming from the government.

The bottom line: homeownership remains a worthy dream to pursue, and LGI Homes can help make that dream a reality for many families, with monthly payments beginning at just $695/month.

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