Dallas First Time Home Buyers on a Budget
5 Reasons Why Dallas (TX) is a Great Option for First Time Home Buyers on a Budget
When buying your first home, there are many things to be considered. Finance is the first thing that most first-time homebuyers think about, but in order to make the right decision, you must also consider the place where you want to live. Dallas has been ranked one in the top ten best cities for first-time home buyers aged between 25 and 34. So investing in a property in Dallas would be a great idea, if you are a first-time homebuyer.
Here are five more reasons why you would want to buy your first property in Dallas, TX:
Get the Best of Community Life
Dallas offers the best of community living for its people. From recreational options to educational institutions and medical centers, you get everything within easy reach. It is also the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area. The employment opportunities are immense because of the presence of many industries.
Education at its Best
If you are considering settling in Dallas for a long time, then you will be happy to know that your children would get the best education. Apart from numerous public and private schools, colleges and universities in Dallas, the surrounding areas also have a number of colleges, trade schools, and universities which provide the necessary training. In fact, a lot of students from other major cities like Houston come to Dallas to pursue education.
Excellent Career Opportunities
Dallas ranks on the top of “The Best Place for Business and Careers” of Texas’ largest cities in Forbes’ 2015 ranking. This city has a considerably low unemployment rate and it has the largest concentration of corporate headquarters. Moreover, Dallas is the third most popular destination for business travel in the U.S, so you can expect the economy to grow further in the coming years. This is great news for first-time homebuyers since they can easily bear the home buying costs without compromising their lifestyles.
Home Buyer Assistance Programs
Residents of Dallas, TX are blessed with a number of government-backed home buyer grants and down payment assistance programs that help first-time homebuyers to realize their home buying dreams. Some of the major home buyer assistance programs include:
- City Wide Program: Funds are available to the first time homebuyers at 80 percent or less of the AMFI (area median family income) for down payment, principal reduction and closing cost assistance up to $8,500. Grants (up to $1,500.00) are also available for Minimum Housing Standards repairs.
- CHDO Homebuyer Assistance Program: Funds are available to the first time homebuyers at 80 percent or less of the AMFI (area median family income) for down payment, principal reduction and closing cost assistance up to $20,000 for purchasing properties that are built by a CHDO.
For more information regarding homebuyer assistance programs, get in touch with us. We offer the best and most accurate information for the first time homebuyers and help them get the best property deals.
Live in the Safest Neighborhoods
When compared to other communities of similar size, Dallas has a considerably low crime rate. This means Dallas is home to some of the safest neighborhoods in Texas, which is one factor why many first time home buyers consider their properties in this city.
So, Dallas is one of the most desirable cities to live in for first-time homebuyers. The only thing that you need to consider is finding a good realtor, who can help you find the best properties within your budget. So if you want to cut down the home buying stress, give us a call today!