Great news for those who want to buy Texas Hill Country homes but feel like they’re being held back by student loans! Lennar Homes has the answer for you! The leading national homebuilder’s new program being offered through their subsidiary company, Eagle Home Mortgage, is making homeownership possible for people across the country by eliminating some of their student loans.
Eagle Home Mortgage's Student Loan Debt Mortgage Program “helps pay off outstanding student loans—up to $13,000, depending on sales price,” said Lennar. “Borrowers with Eagle Home Mortgage's Student Loan Debt Mortgage Program can direct up to 3% of the purchase price to pay their student loans when they buy a new home from Lennar. Lennar contributes the 3%, which does not increase the price of the home or add to the mortgage loan balance.”
The program is intended to help those who are saddled with student loan debt get into a better financial position to buy a home right now, instead of having to wait years until the balance has been whittled away. "Americans are more burdened than ever by student loans, with $1.3 trillion in outstanding student loans spread out among 42 million borrowers," said Jimmy Timmons, President of Eagle Home Mortgage in the builder’s news release announcing the program. "Particularly with millennial buyers, people who want to buy a home of their own are not feeling as though they can move forward. Our program is designed to relieve some of that burden and remove that barrier to owning a home."
This program is being offered nationwide on Lennar Homes with a maximum loan amount of $424,100, which includes new homes at The Crossings, the popular new master-planned community in New Braunfels. The 288-acre community offers two different neighborhoods of brand-new, single-family homes in the Hill Country from Lennar, with a total of 16 floorplans and prices from the mid $200s.
Lennar's Everything’s Included (EI) program makes these homes even more valuable for buyers by including some of today’s most popular items, like granite countertops, window coverings, and landscape packages, at no extra cost. The Crossings also offers an array of on-site amenities including a swimming pool, grassy play areas, and walking trails. With individual homesites that each back up to a private greenbelt instead of other homes and beautiful views of the Hill Country, The Crossings is also exceptionally private, with a serene setting that feels like you’re out in the country even though you’re really just minutes from I35, area work centers, and convenient to both San Antonio and Austin.
If you'd like to see what it's like to live at The Crossings, watch the video here.