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Real Estate Blog & Resources

SouthStar, Residents Raise $13,740 for Flood Victims

Texas has experienced historic and devastating floods recently, with more than 45 counties in the state added to a disaster declaration. Comal, Hays, Wilson and many surrounding counties have been affected, with thousands of SouthStar Communities’ neighbors and friends facing terrible circumstances and in need of help.

SouthStar was and remains committed to doing their part to reach out to those impacted by these floods. The company inspired donations to be made through the Red Cross by SouthStar Communities residents in the communities of Vintage Oaks and Havenwood in the Texas Hill Country, King Oaks in Bryan-College Station, Lake Ridge and Sugar Tree in Dallas and Mission del Lago in South San Antonio, and raised $6,870. The company then matched the funds that were raised, for a grand total of $13,740. This money will be used to help flood victims purchase staples like food, clothing, and other necessities that were lost in the floods and help these individuals and families get back on their feet.

3 Special Programs for Texas Veterans to Buy or Build Their First Home

Whether using a loan from a nonprofit or through a federal government-backed program, Texas veterans have plenty of options for financing the purchase a home. Through these loan products or organizations, veterans do not have to worry about paying a high-interest mortgage or becoming over their head in debt. 

The 2011 American Community Survey noted Texas is the state with the second highest veteran population, surpassed only by California. In 2011, Texas had more than 1.59 million veterans, accounting for 8.6 percent of the population 18 years old and above. 

With Texas's high population of veterans, servicemen and servicewomen should take advantage of the various special financing programs to get the home of their dreams.

Here are three ways for veterans to buy a home in Texas:

1. Qualify for VLB's Veterans Housing Assistance Program
The Texas Veterans Land Board has offered this program for decades and is specifically designed for state residents. The Veterans Housing Assistance Program gives veterans the chance to buy a home with a low fixed-rate loan.

Builder Confidence in Housing Market Holds Steady

While the market environment in the homebuilding sector has fluctuated due to weather, builders are confident that the housing market will grow. Texas is among the state-level markets that may see continued gradual increases in new home sales. Demand for new homes in the Texas real estate market are expected to increase based on improvements in the economy and housing industry and the rise in state population.