Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Little Elm : Real Estate Advice

  • All95
  • Local Info12
  • Home Buying35
  • Home Selling3
  • Market Conditions3

Activity 34
Mon May 1, 2017
Gaspard V K answered:
Insurance companies ask that home insurance is paid annually at the beginning of each year that you want coverage.

So let s say that you already fully own a house, no more mortgage, and you want to get home insurance. You will have to pay the one year premium right away and you ll get coverage for one year.

So the mortgage company make you pay the one year premium at closing for the current year coverage + it will get monthly payments (1/12th of the annual premium) to put in an escrow account so that it (the lender) can pay the annual premium at the end of the year which will cover the entire following year. And then again and again for the next years.

This was super confusing for me too and no one had made a clear answer.

Also, if you change lender or pay off your mortgage (like when you sell or at the end of the mortgage), anything in the escrow account will be refunded to you.

The escrow account usually also includes the property tax. The property tax, as opposed to home insurance, is paid at the end of the period. So let s say property tax is due every 6 months, when you pay it, you pay it for the previous six months. So that s why for property tax you just pay monthly (1/6th of it) to the escrow account but there is no 6 months or one year upfront cost.
... more
4 votes 8 answers Share Flag
Mon Apr 3, 2017
Jonathan.bakker answered:
Yes traffic is horrible on 380 and it's a very dangerous road... I live in Paloma Creek and turned around and went home because there was an accident at 380 and 423 and sat 30 minutes on 380 and did the make it from the Paloma Creek light to the next light east... Now I'm sitting in traffic going to Whataburger west of Paloma Creek.... And I mean sitting made it 50 feet in the last 20 minutes? Mind you this is same day as the accident above.
Watching people speed down the middle Lane and shoulders to try to get past it. This happens all the time.
I wish I had spent more and pirchased a house south of 380
... more
0 votes 8 answers Share Flag
Thu Aug 18, 2016
Susie Kay answered:
Yes, you can. USDA loan doesn't require down payment.

Your best option is to talk to a lender or two and then select which loan is most suitable for you. Let me know if you'd like to be connected to local lenders that I typically work with. They have helped many of my clients obtain a loan, and they are very knowledgeable about USDA loan as well.

Best,

Susie Kay
United Real Estate Dallas
469-371-2899
... more
0 votes 1 answer Share Flag
Thu Jun 16, 2016
Bruce Lynn answered:
Just a note to check in with you to see if you bought a home?

To answer your question it depends on a lot more factors than citizenship.
All things being equal I don't think the rate would matter.
However can depend on income, credit score, etc.
... more
0 votes 4 answers Share Flag
Mon Nov 9, 2015
Kathy Lewis answered:
You answered the question correct... lack of experience many times on the loan officers part. USDA is really no different, it does take a few weeks longer to close.

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
www.UsdaMortgageHub.com
... more
0 votes 14 answers Share Flag
Wed Apr 15, 2015
Phillip Madison answered:
Sam,

I work with many investors in the area and would be happy to help. Give me call at 254-212-9186
0 votes 2 answers Share Flag
Mon Apr 13, 2015
Janet King answered:
Not much of Paloma Creek would be Little Elm ISD, and it will likely be the far south part of the neighborhood.... Best to check on a specific address with the school district.
I see a few new homes listing the address as Little Elm schools.

If you don't have a Realtor, feel free to call me for more assistance.

Janet King, Raltor/Agent
William Davis Realty
Cell 972-658=4401
... more
0 votes 4 answers Share Flag
Mon Feb 23, 2015
Susie Kay answered:
I would suggest that you discuss that with your realtor. We won't be able to tell you whether it is a good idea to purchase a home at that price or not. What is your budget? Are you comfortable with the monthly mortgage?

Good luck!

Susie Kay
Realtor & Certified Home Stager
United Real Estate
469-371-2899
www.dfwdreamhomes.net
... more
0 votes 1 answer Share Flag
Sun Jan 25, 2015
Laurie Ambrite answered:
You must have this property confused with another one. I am the listing agent and these sellers put the property on the market for the very first time one week ago. If you are interested in viewing this beautfiful home, please feel free to contact me at your convenience. Thanks very much for inquiring. Laurie Ambrite, Realtor
Berkshire Hathaway HomeServices / PenFed Realty Texas.
Laurie.Ambrite@bhhspenfedtx.com
... more
0 votes 4 answers Share Flag
Thu Jul 3, 2014
Amy Arey answered:
This area is rapidly expanding and as Frisco expands to the point that there is no more land to build schools (or homes, or anything for that matter--16 new schools going up this year!!) you will likely feel the increased demand and appraisal values in neighboring areas (such as Elm).

I do agree with the other comment that Sunset Point is a great community (just showed there a few days ago)...especially if you are wanting something newer. Some aren't keen on the "Little Elm" address (even with Frisco ISD areas) but it does have its advantages--you get more for your money! :)
You "may" also be able to reap the rewards in the future, sell the home after the area grows and make a nice little profit, then move in to a home you like even better--especially if it's already in the school-district that you want (if that is even a factor for you).

-Amy S. Arey, Realtor
Halo Group Realty
214.901.1341-Cell
www.Aarey.HaloAgent.com
www.MckinneyRealEstateInfo.com
... more
0 votes 7 answers Share Flag
Thu Jun 19, 2014
Amy Arey answered:
In terms of a better "deal" with utilizing a broker....in Texas, the seller pays the broker commission (so FREE to you). Wouldn't you want someone in your corner to look out for you and your best interests..especially since the seller will likely have agent-representation? A real-estate transaction is relatively simple...if all things go according to plan (though they rarely do). Are you prepared to know what to do in the event something goes wrong? Are you aware of the various negotiation techniques that the other party may use and how to navigate around them? Using an experienced Realtor, you're not only protected but you have someone who is "in the field" every day ready to negotiate on your behalf and fight for what you want, as well as guide you through the transactional process. (Remember, we can all give ourselves stitches, or pull our own teeth...but do we really "want" to?).

Different lenders (small and large alike) both offer various incentives with programs that they have access to. My advice is to find someone you TRUST, that you enjoy working with, and remember: the most inexpensive option is not necessarily always the best option for you. The age-old saying sometimes holds true: You get what you pay for.

-Amy S. Arey, Realtor
Halo Group Realty, LLC
Watters Creek | Allen
214.901.1341-Cell
www.aarey.haloagent.com
... more
0 votes 3 answers Share Flag
Thu Mar 27, 2014
Nathan Neely answered:
Extensions happen all the time as long as you have a good reason then it should not be an issue.

Nathan P. Neely

Broker and Owner



Neely Real Estate Group



http://www.dallashomesrealestate.com/



phone 214-552-2273



fax 214-231-2837
... more
0 votes 6 answers Share Flag
Thu Mar 27, 2014
Nathan Neely answered:
I can help, I sell to investors all the time. I flipped homes prior to getting my Brokers license, I know what works and what does not. I have an engineering degree so I am great with numbers.

If you want to look at foreclosures I am your man, I sold a home 2 weeks ago that was a foreclosure. I think it is one thing to say it another to have actually personally been through the process.

Nathan P. Neely

Broker and Owner



Neely Real Estate Group



http://www.dallashomesrealestate.com/



phone 214-552-2273



fax 214-231-2837
... more
0 votes 7 answers Share Flag
Mon Nov 18, 2013
Sherry Renfroe answered:
Hi GKhera-

The property address to not come through with your question.

If you are looking for investment property Little Elm is a great place for rentals. Many of my investors buy in Little Elm and have had great success keeping their properties leased.

Feel free to text, call or email if I can assist you too!

Best regards,

Sherry Renfroe
Realtor
Property Manager
Ebby Halliday Realtors
214-215-4145
sherryrenfroe@ebby.com
www.sherryrenfroe.com
... more
0 votes 3 answers Share Flag
Fri Sep 27, 2013
Susie Kay answered:
Which home?

Susie Kay, Realtor®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
------------------------------------------------------------------

United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net

www.dfwdreamhomes.net

Servicing your real estate need is my priority!
... more
0 votes 3 answers Share Flag
Sat Aug 31, 2013
Susie Kay answered:
It is not. Are you looking to purchase a home in Little Elm? I have leased a home in Little Elm on Mustang and be happy to assist you in purchasing a home around the area. Let me know how I can assist you further, you can call me at 469-371-2899. Or you can check my website at www.dfwdreamhomes.net for the most updated listings on the market.

Susie Kay, Realtor®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
------------------------------------------------------------------
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net

www.dfwdreamhomes.net

Servicing your real estate need is my priority!
... more
0 votes 4 answers Share Flag
Mon May 27, 2013
George Raymondo answered:
Only one year in your area. Please click on the links below for further information and to see if you qualify for this government program. I have newly relocated the DWF Area here in TX. If you have any questions please feel free to contact me direct. Also, please take a few moments and read some of the comments at the end of the articles. These are real people who I helped who had similar circumstances as you and of course in spite of the advice of many so called experts.

Best of Luck!

http://www.trulia.com/blog/george_raymondo/2011/04/can_i_buy_a_home_after_a_short_sale_or_foreclosure

http://www.trulia.com/blog/george_raymondo/2011/03/usda_loans_-_0_down_payment_what_s_the_catch
... more
0 votes 3 answers Share Flag
Sun Feb 10, 2013
Dallas Texas answered:
All depends on the demands of the lender. Recommend to speak direct with mortgage broker.

Little Elm homes for sale Little Elm - website updated daily
http://www.lynn911.com/Web/AR287090/CustomContent/index/5057290

Contact my office today where I can show you many amazing homes work with your family specifications.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com

Follow me on Facebook
www.facebook.com/lynn911dallas
... more
0 votes 6 answers Share Flag
Wed Jan 30, 2013
rcordry answered:
I am the loan officer at PointBank in Little Elm. We have multiple opportunities to finance you - FHA, USDA, conventional or even a portfolio loan. Call me at 972-896-7692 and lets set a time for you to come in. ... more
0 votes 5 answers Share Flag
1 2
Search Advice
Search
Home Buying in Little Elm Zip Codes

Followers

156