What’s the Deal with New Homes in El Paso?

Buying new homes in the city of El Paso is much easier than you might’ve initially thought. Instead of paying rent for an apartment you’ll eventually move out from, you’ll be able to make monthly mortgage payments and build equity! Once you finish paying off your home, you’ll hold the proud title of “Homeowner.” Even the city of El Paso makes it easy for first time homeowners to purchase a home. If you’re ready to move out from your cramped apartment and into a beautiful new home, choose Cullers Homes.

How To Get Help from The City of El Paso When Buying New Homes

If you’re a first-time homebuyer, you can take advantage of the city’s First Time Homebuyer program. This program provides zero percent (0%) deferred loans for first-time homebuyers who are purchasing a property in El Paso. You will select your own eligible property to purchase and then you’ll meet with one of the approved participating lenders to pre-qualify for a mortgage lender’s commitment. In order to become eligible for this program, first-time homebuyers must complete a “Guide to Homeownership” course offered by the El Paso Credit Union, Affordable Housing, or Project Bravo before submitting an application. Once completed, the applicant’s gross annual household income must be between 60% and 80% of the median income for El Paso. For a single person, 60% annual gross income is $22,020 while 80% is $29,350. If you fit this criteria, your future as a homeowner may be closer than you might’ve initially thought!

Cullers Homes is Ready to Help

Making the decision to buy a new home in the El Paso area is beneficial for a variety of reasons. For starters, you’ll be able to settle down and not worry about issues like moving out once a lease ends or fitting in a small, one bedroom apartment. Now, you’ll be able to have a place to call home. What’s great about the El Paso area is the mere size of it. You can purchase a new home close to work, close to good schools, or close to entertainment and shopping. It all depends on your specific needs. When you purchase from Cullers Homes, you’ll be able to have a beautifully designed home to call your own. We take pride in our work and understand what homeowners in the city of El Paso need. Contact us today to learn more about what Cullers Homes has to offer!