Historically low interest rates, driven even lower with cheaper gas prices, make 2015 the perfect time for first-timer homebuyers. The 30-year fixed rate is averaging 3.73 percent, and the 15-year fixed rate is at 3.05 percent.
Easing credit requirements could mean an additional 1.2 million home loans this year. And Fannie and Freddie recently agreed to back loans with just 3 percent down.
Here are four houses to consider for your first home.
1600 Abrams Road #41 | Lakewood | Listed for $359,000
In the heart of Lakewood within walking distance to the enchanting Lakewood Village is a three-bedroom townhome with hardwood flooring, tall ceilings, large windows and a private balcony, perfect for grilling. The updated kitchen has stainless-steel appliances, granite countertops and a breakfast bar. A second living space upstairs has a balcony. There is a two-car attached garage.
4218 Gilbert Avenue #E | Oak Lawn | Listed for $389,000
If you love New Orleans-style architecture, an Oak Lawn townhome combines great design with amazing views of downtown. This two-bedroom, gated home in Ascot Court has a rooftop deck with breathtaking view, especially at night. Inside, an open floor plan includes a third-level master suite with two closets, a private balcony and jetted tub.
3208 Daniel Avenue #E | University Park | Listed for $489,000
Close to SMU and Snider Plaza is a penthouse condominium with vaulted ceilings, hardwood flooring and slate tile throughout. This three-bedroom home is ideal for a first-time buyer with granite countertops, plantation shutters and custom built-ins. The master suite has a jetted tub, glass shower, dual vanities and a large walk-in closet.
5139 Ridgedale Avenue | Greenland Hills | Listed for $434,900
Near downtown in the popular Greenland Hills neighborhood is a charming four-bedroom home with guest quarters. Move-in ready, this home has a perfect floor plan for entertaining and a spacious backyard. The kitchen features granite countertops and stainless steel Viking appliances and oil rubbed hardware. A high efficiency washer, dryer and refrigerator are a bonus.
For more luxury homes, see briggsfreeman.com. Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.