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Unlock Your Dream Home

February 14, 2024
Unlock Your Dream Home: The Unbeatable Low-Cost High-Efficiency Lifestyle Solution!It's the Best of Both WorldsEnvision a low-stress, energy-saving home, achieved with minimal expense at closing. With our special promotion, step into a new, energy-efficient Antares Home with a constant financing rate, promising both peace of mind and a secure future.More Than a House, a Financial JourneyBuying a home typically promotes financial freedom. Yet, we go a step further by reducing your upfront costs. In today's demanding market, this flexible approach in initial spending can lead to an ideal home, instead of settling for less. The Financial Assurance: Investing in Your LifestyleLet’s talk figures – a 5.5% fixed-rate offers stability in an uncertain market. Starting out your first year with a 4.5% interest rate with the buy-down equals money in your pocket. This rate, combined with energy-efficient construct features of Antares Homes, ensures a safe investment for a high standard of living and a stable mortgage payment. Understanding Closing CostsClosing costs can potentially derail your home-buying journey. Our special incentives enable you to retain your money and embark on your new life with confidence. With Antares Homes, you’re joining a community that values your financial wellness. Making a smart choice is easy! Text/Call today for details on this limited-time promotion. 817-857-8354 Find out more about our homes available to close by March 29, 2024. Available Homes*Offer valid for new contracts on select inventory homes that close on or before 3/29/24. 5.5% fixed rate with seller paid 1/1 buy down and year one rate of 4.5% cannot be combined with other offers. APR 6.285% based on available rates as of 2/14/24 with FICO score of 640, Sales Price of $450,000 and 3.5% down payment on a FHA 30 yr fixed term. All Financing and Rate incentives are based on FHA/VA loans and only valid for customers using Antares Homes preferred mortgage lender, S3 Home Loans NMLS # 2395795. Offer excludes Bond/Down Payment Assistance loans. Offer subject to credit approval, not all borrowers will qualify. Additional Closing Cost amounts, if any, are dependent on the structure of the loan buyer chooses and the responsibility of the buyer. Seller credit cannot exceed actual closing costs and any unused amounts that cannot be applied will be forfeited. This offer is subject to change or to be discontinued at any time without prior notice. Please contact your Antares Sales Counselor for further details. 
Unlock Your Dream Home

Sweet Move In Ready Homes

February 6, 2024
The search for your dream home ends here! Say hello to our extraordinary Sweet Move-In Ready Homes, turning dreams into reality with an irresistible 4.875% interest rate!Can you imagine anything more wonderful than finding your dream home? Imagine the warmth of a snug living room, creating unforgettable moments with your favorite people, or cooking culinary wonders in a sleek, modern kitchen. Our move-in ready homes provide the perfect canvas to paint your dream life.Don’t let this sweet opportunity pass you by! Start your memorable journey towards a life filled with cherished moments and extraordinary experiences. Visit us today, and let our expert team guide you on your quest to discover your ideal match in a new home. Your sweet dreams begin right here!Text/Call today for details on this limited-time promotion. 817-857-8354 Find out more about our homes available to close by March 29, 2024. Available Homes*Offer valid for new contracts on select inventory homes that close on or before 3/29/24. 4.875% fixed rate cannot be combined with other offers. APR 5.647% based on available rates as of 12/6/23 with FICO score of 640, Sales Price of $450,000 and 3.5% down payment on a FHA 30 yr fixed term. All Financing and Rate incentives are based on FHA/VA loans and only valid for customers using Antares Homes preferred mortgage lender, S3 Home Loans NMLS # 2395795. Offer excludes Bond/Down Payment Assistance loans. Offer subject to credit approval, not all borrowers will qualify. Additional Closing Cost amounts, if any, are dependent on the structure of the loan buyer chooses and the responsibility of the buyer. Seller credit cannot exceed actual closing costs and any unused amounts that cannot be applied will be forfeited. This offer is subject to change or to be discontinued at any time without prior notice. Please contact your Antares Sales Counselor for further details.
Sweet Move In Ready Homes

Understanding Mortgage Terms 101

June 9, 2022
From fixed rates and closing costs to rate locks and down payments, there is a lot of jargon regarding mortgages. First-time homebuyers need not fret! We’ve got the 411 for you. Below is a list of terms curated specifically for those looking to understand more about mortgages. Wait… what is a mortgage? Before diving in, let’s ensure we’re in the right spot. As defined by the Consumer Financial Protection Bureau, a mortgage is an agreement between you and a lender that allows you to borrow money to purchase or refinance a home and gives the lender the right to take your property if you fail to repay the money you've borrowed. Adjustable-Rate Mortgage (ARMs)This is a loan with an interest rate that changes. ARMs are typically 30-year loans, meaning you’ll repay the borrowed money over 30 years. To avoid crazy rate hikes, ARM loans come with “rate caps,” which limit the amount your interest rate can rise or drop in a single period and over the loan's lifetime.There are many factors to consider when determining whether to obtain an ARM loan. From how much you want to spend up-front and the current state of the interest rate market to whether you’re getting close to retirement or if this is just a starter home. Amortization This is a fancy way of saying, “paying off a debt over time in equal installments.” Part of each payment goes toward the loan principal (see definition below), and part goes toward interest. With mortgage loan amortization, the amount going toward principal starts out small and gradually grows larger each month.Closing CostsClosing costs include the multitude of fees for the services and expenses required to obtain and finalize a mortgage. Those costs may include loan origination fees, discount points, appraisal fees, title searches, title insurance, surveys, taxes, deed recording fees, and credit report charges. A buyer's average closing costs run between 2% and 5% of the loan amount. Down PaymentA down payment on a house is a large sum of money the buyer pays upfront. The amount paid is usually a percentage of the purchase price and can range from as little as 3% to as much as 20% for a property. The required down payment is usually determined by the type of mortgage you choose, your financial situation, and the type of property you’re buying. In terms of your mortgage, a larger down payment will typically mean smaller monthly mortgage payments. EscrowAn escrow is a legal arrangement in which a third-party temporarily holds money or property until a particular condition has been met (such as fulfilling a purchase agreement). In terms of real estate, escrow can protect both the buyer and the seller throughout the home buying process. Throughout the mortgage term, an escrow account will hold funds for taxes and homeowner’s insurance.Fixed-Rate MortgageA fixed-rate mortgage is an alternative to an adjustable-rate mortgage. As the name implies, a fixed rate is a home loan option with a specific interest rate for the entire term of the loan. Essentially, the interest rate on the mortgage will not change over the loan's lifetime, and the borrower's interest and principal payments will remain the same each month. With this type of mortgage, fluctuations in the market will not impact the rate.InterestMortgage interest is the interest charged on loan used to purchase a piece of property. The amount of interest owed is calculated as a percentage of the total amount of the mortgage issued by the lender. Mortgage interest compounds and may be either fixed or variable.Loan PrincipalThis is the amount you borrow and goes down as you begin to pay it back, while interest is the cost of borrowing the money.th.Rate LockA lock-in or rate lock on a mortgage loan means that your interest rate won’t change between the offer and closing, as long as you close within the specified time frame and there are no changes to your application. The downside to a rate lock may be that it’s expensive to extend if a transaction needs more time.A rate lock may also lock you out of a lower interest rate if rates fall after you get your loan offer. When it comes to buying a home, the terminology can leave you spinning. We hope this guide has served as a solid starting point in your homebuying journey. 
Understanding Mortgage Terms 101

Buying a House? Here’s What You Need to Know About Credit Scores

December 7, 2021
Buying a House? Here’s What You Need to Know About Credit Scores.Credit score worry is incredibly common among first-time home buyers. Is your score good enough to secure a loan? Can you boost your credit score before you buy a home? What’s a “good” number? In this article, we try to answer the most common questions about credit scores to help you understand what you need to do in order to secure a loan.How is my credit score determined?Before we dive into what lenders need, let’s talk about the basics. As in, what is your credit score made up of?There are quite a few factors that go into your credit score, including…• Your payment history, including late payments.• Current credit usage and debt.• The types of accounts you have.• Recently opened credit lines.• How long you’ve had your accounts open (the “age” of your accounts).The good news is each of these factors allows you to improve your credit score. Avoid outstanding late payments, keep accounts open, and try to keep debt low (if possible). More on that below.  Why do lenders need my credit score?Lenders use credit scores to assess risk when considering a loan. Based on how much debt you have, whether you’ve paid off loans consistently, and your current credit status, lenders can predict how likely you are to pay off your home loan. For this reason, your interest rate is also tied to your credit score – buyers with higher scores tend to secure lower interest rates.What’s a “good” credit score?First, it’s important to know mortgage lenders are required to follow rules when reviewing mortgage loan applications. There isn’t one secret number that will guarantee you a loan, nor is there a specific number needed for each type of loan. There are four main loan types – here are the minimum credit scores you need to secure each one:• Conventional Loan (the most common home loan) – 620• FHA Loan (the most inclusive loan type, but it does require a 3.5% down payment) – 580• VA Loan (available for active-duty service members and veterans) – 580• USDA Loan (government-backed mortgages for non-urban homes) – None officially, but 620 is preferred. Each of these loans has other requirements, so you’ll need to weigh your options carefully and make sure you qualify for the type of mortgage loan you’re afterHow can I raise my credit score?Considering how important your credit score is, it’s not always easy to find helpful information on improving your score. But that doesn’t mean it isn’t possible. Here are a few tips to raising your credit score:• Do not miss payments! Pay all your bills on time• Your credit utilization factors into your credit score, so try to minimize your usage before buying a home. Consider temporarily increasing payments to lower this number• Don’t open a new credit line at least six months before beginning the home-buying process Opening new accounts lead to a hard inquiry on your credit report, which can impact your score• Keep old accounts open until after you’ve secured a mortgage loanWhat else will lenders need to know besides my credit score?In addition to your credit score, lenders will ask for additional information to determine the risk level of providing you with a mortgage loan, as well as your ability to pay back a loan. Here are a few other factors lenders will be interested in:• Your income and your partner’s income if you’re jointly purchasing a home• Employment history• Your debt-to-income ratio• The amount you intend to use as a down payment• Your savings funds• Whether you’ve filed for bankruptcy beforeYour credit score allows lenders to understand your financial health. But if your score doesn’t meet the minimum to secure a mortgage loan or a lower interest rate, don’t worry. You can raise your credit score by following the tips above. Just remember to be patient – it can take six months for changes to appear on your credit report. Regularly check in on your score, pay attention to ways you can raise your score, and ask for help when needed, and you’ll be ready to take out a mortgage loan in no time.