Mesquite, TX Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 Mesquite TX VA loan benefits in 2020. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affairs, V...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 Mesquite TX VA loan benefits in 2020. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affairs, V...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Being a Mesquite TX First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renew.Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Mesquite TX First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the older...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
The benefits of a preapproval (not prequalification) for Home Loans in Mesquite Texas. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Home Loans in Mesquite Texas and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education    The steps necessary to purchasing a home in Mesquite, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. ...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 VA loan benefits in Mesquite TX in 2019. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affairs...
Comments 0
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 VA loan benefits in Mesquite Texas in 2019. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affa...
Comments 0
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Being a Mesquite Texas First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renew.Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Mesquite Texas First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the...
Comments 0
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
Comments 0
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Being a first time home buyers in Mesquite TX makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner  and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renewBuying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget!  The benefits of being a Mesquite, TX First Time Home Buyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value t...
Comments 0
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Many consumers are not educated on the proper way to go about buying a home.  No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process in Mesquite, Texas and the surrounding area.  The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices.  We will discuss each of these in this article on The Benefits of getting preapproved for a home loan in Mesquite Texas. EducationThe proper way to go about buying a home in Southlake, Texas begins with getting preapproved for your home loan.  Notice we did not say get prequalified- in today’s world a prequalification is not meaningful.  You should c...
Comments 1
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
If you are looking to purchase a home or refinance using your Mesquite Texas VA Loans benefits, the rate you can obtain is a huge factor in determining which lender you choose as well as what your payment will be.  The market can be volatile, and Mesquite Texas VA Rates many times change daily, and fluctuate sometimes during the course of single a day.  So what factors determine what rate you can get?  All mortgage products are backed by bonds, or securities  that are traded on wall street like stocks. Mortgage bonds are what back mortgages, including Mesquite TX VA Loans. Mortgage bonds are also called mortgage backed securities.  Just as the stock market can go up and down during a day, so can mortgage backed securities, therefore influencing all mortgage rates including Mesquite Texa...
Comments 1
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! Being a  First Time Home Buyer in Mesquite,Texas makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goalsFIT in with that plan. One goal could be to stop paying rent that just increases after every lease you renew. The benefits of being a First Time Home Buyer in Mesquite, Texas greatly outweighs renting for the following reasons:           Greater privacy.          Homes typically increase i...
Comments 0
By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
January 2017 Real Estate Market Summary for Mesquite, TX (MLS Area 5)   Month Year to Date   2017 2016 % Change 2017 2016 % Change New Listings 157 138 -12.1 157 138 -12.1 Closed Sales (Reported) 122 96 -21.3 122 96 -21.3 Closed Sales (Projected) 122 108 -11.6 122 108 -11.6 Listings Under Contract 142 126 -11.3 142 126 -11.3 Average Sales Price $130,632 $152,062 16.4 $130,632 $152,062 16.4 Median Sales Price $122,750 $148,750 21.2 $122,750 $148,750 21.2 Percent of Original Price Received 95.8 98.7 3.1 95.8 98.7 3.1 Days on Market Until Sale 45 33 -26.6 45 33 -26.6 Inventory of Homes for Sale 207 131 -36.7       Months Supply of Inventory 1.5 0.9 -39.8       In Mesquite housing sales this month was down 21.3% from last year, with 96 housing sales total this month. In Mesquite there were...
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
December 2016 Real Estate Market Summary for Mesquite, TX (MLS Area 5)   Month Year to Date   2016 2015 % Change 2016 2015 % Change New Listings 108 101 -6.5 1968 1984 0.8 Closed Sales (Reported) 154 124 -19.5 1624 1766 8.7 Closed Sales (Projected) 154 139 -9.5 1624 1781 9.7 Listings Under Contract 117 122 4.3 1667 1786 7.1 Average Sales Price $124,996 $154,232 23.4 $125,696 $144,079 14.6 Median Sales Price $124,500 $151,250 21.5 $125,000 $143,900 15.1 Percent of Original Price Received 96.0 99.5 3.7 97.8 99.1 1.4 Days on Market Until Sale 39 31 -21.4 32 26 -17.7 Inventory of Homes for Sale 223 126 -43.5       Months Supply of Inventory 1.6 0.9 -48.0       In Mesquite there were 124 recorded houses sold this month, and this was a down-slide of 19.5% from 2015. Year to date housing sale...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
For over 22 years, we have been specializing in VA Loans in Colleyville Texas!  We will teach you how to qualify for your VA home loan benefits in this article.   1:  Verify eligibility through your Certificate of eligibility (COE).   The first step to obtaining a VA loan is to verify your eligibility. First, order your Certificate of Eligibility (COE) through VA which will also confirm how much you have available for eligibility. To be eligible, you must be an honorably discharged Vet, or are active duty or reserves currently.   You might be asking, how do I order my COE? Your lender can help you get your COE fast, usually the same day you request it. It can also be ordered through the VA either by mail or online. You will need a copy of your DD214 if you are an honorably discharged Ve...
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
November 2016 Real Estate Market Summary for Mesquite, TX (MLS Area 5)   Month Year to Date   2016 2015 % Change 2016 2015 % Change Closed Sales (Reported) 128 121 -5.5 1470 1638 11.4 Closed Sales (Projected) 128 136 6.2 1470 1653 12.4 Listings Under Contract 129 126 -2.3 1550 1678 8.3 Average Sales Price $127,838 $145,476 13.8 $125,769 $143,286 13.9 Median Sales Price $126,250 $148,500 17.6 $125,000 $143,000 14.4 Percent of Original Price Received 96.2 98.6 2.5 98.0 99.1 1.1 Days on Market Until Sale 35 25 -28.3 31 26 -16.8 Inventory of Homes for Sale 261 147 -43.7       Months Supply of Inventory 2.0 1.0 -50.9       There was a slump of 5.5% in real estate sales recorded this month from November last year. There were 121 real estate sales recorded total this month. The number of hous...
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
February 2016 Real Estate Market Summary for Mesquite, TX (MLS Area 5)   Month Year to Date   2016 2015 % Change 2016 2015 % Change Closed Sales (Reported) 84 117 39.3 172 236 37.2 Closed Sales (Projected) 84 131 56.5 172 250 45.6 Listings Under Contract 117 166 41.9 228 313 37.3 Average Sales Price $114,839 $133,542 16.3 $111,297 $132,058 18.7 Median Sales Price $113,000 $133,000 17.7 $110,000 $125,000 13.6 Percent of Original Price Received 97.5 97.6 0.1 97.2 96.6 -0.6 Days on Market Until Sale 37 40 6.8 41 42 2.5 Inventory of Homes for Sale 204 166 -18.6       Months Supply of Inventory 1.7 1.2 -29.6       In Mesquite in February 2016 the number of recorded houses sold saw a rise of 39.3% from 2015, with 117 sold total. Year to date there were 236 home sales reported in Mesquite, an...
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
Home sales in the Casa Terrace subdivision in Mesquite Texas have reached 22 houses sold for 2014. The age range of the houses sold is in between 1968 and 1981. A home in the Casa Terrace subdivision sold at $105,678 on average, the lowest selling price at $42,750, and the highest at $155,000.Click Here for the full report. Mesquite Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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