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Houston Named Most Affordable Housing Market for Middle Class

Excerpt from original article on Houston Culture Map:

A new study offers a more nuanced picture of housing affordability in Houston — and good news for a large portion of the middle class.

Houston is America’s most affordable housing market for lower -and middle- middle class families, according to LendingTree, which analyzed housing affordability in the nation’s 50 largest metros for its study.

In Houston, lower-middle class families bring in $41,948 and can afford a mortgage payment of up to $979 a month. That’s a surplus of $296 a month on the median-priced home. Middle-middle class families in the Houston area see even more savings. Those households bring in $62,922 a year, which means they can afford a mortgage payment up to $1,468 a month, a surplus of $785.

Contact a mortgage lender and apply for a mortgage pre-approval to get a sense of how much you can comfortably pay in monthly mortgage payments.

We recognize the importance of working with quality lenders that help you understand the home loan process!

As a leader in the homebuilding industry, we’ve done the homework for you. More importantly, we’re one of the few builders that offer our customers a choice! The benefit of multiple preferred lenders means multiple loan programs and healthy competition for your business!

By using a local business, you can choose to meet face-to-face, or if you’re constantly on the go, send your paperwork electronically. Over the phone or face-to-face, you’re dealing with a reputable lender that will provide answers to your questions.

Our goal is to help make your dream of owning a home a reality. All of our preferred lenders offer competitive rates and low closing costs.

Ask our onsite sales associates for details on our Preferred Lenders and on seller contributions to closing costs. Some restrictions apply.

Ask our onsite sales associates for details on our Preferred Lenders and on seller contributions to closing costs. Some restrictions apply. 

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