Since 2003, LGI Homes has been rated one of the fastest-growing home builders nationwide, because of its dedication to its clients and its earnest desire to help people realize their goals of becoming homeowners.
The LGI Home reviews of its homeowners have helped them win awards for customer satisfaction and motivated this company to continually improve its products, service, and businesses on a large scale.
Are you interested in LGI Homes but unsure about the process for getting your application approved? This article has provided information on LGI homes reviews, how to meet their eligibility requirements, and the careers that are accessible.
What is LGI Homes?
LGI Homes is a Texas-based developer of new homes and housing communities, with the majority of its development projects concentrated in the country’s southwest.
LGI Homes expanded into Colorado in 2015, and in 2018 LGI Homes purchased Wynn Homes’ assets. The homebuilder received around 200 homes that were still being built as well as about 4,000 lots as a result of this acquisition.
The Company’s product line includes entry-level, move-up, and luxury series homes, which are sold under its Terrata Homes brand. Entry-level homes, including detached and attached homes, are also available.
According to the needs and budget of the customer, it gives tours of its homes and provides information about the pricing and floor layouts. It offers move-in-ready houses with amenities like Whirlpool stainless steel appliances, crown molding on the cabinets, Moen faucets, and Kwikset door hardware.
LGI Homes operates in 18 states and 31 markets as of 25 February 2020.
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Application Requirements for LGI Homes
LGI Homes reviews disclose that consumers can customize the exterior and inside of any of their many home models.
LGI Mortgage, a financial services company that arranges loans for LGI Home buyers, is another operation of the company.
Let’s look at the prerequisites for applications if you’re thinking about buying one of LGI’s luxury homes.
- An invoice from the bank showing a $1,000 down payment: Before relocating into your LGI Home, you will put down a small deposit (often around 3.5% of the home’s worth).
- 620 or higher on the Fair Isaac Corporation (FICO) scale: It’s important to remember that not all FICO ratings are calculated in the same way.
If you utilize a third-party service or your credit card business, your credit score can appear to be different.
- Lower than 50% debt to income ratio: As a result, less than half of your monthly income goes toward paying off your debt each month.
LGI Homes want to be sure that you can improve your financial situation and buy a house.
- Three months of verifiable income: You may list self-employment as one of your income sources. Just keep in mind that verifying self-employed income could require a little more time.
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How Does it work?
Still, on LGI Homes reviews, this company recognizes the value of investing in a high-quality house you can be proud to own.
Also, LGI Homes are aware that the home-buying process may be both thrilling and perplexing but, you’re not by yourself!
Since 2003, LGI has aided more than 50,000 families in finding their ideal residence and realizing the American dream of homeownership.
To help you through the home-buying process, please follow our simple step-by-step guide.
Step One: Evaluate Your Needs
Before completing any more research, take a moment to consider what you need in a house. While everyone has different needs, we all share the need for a good, useful home.
To put you on the correct path, ask yourself these straightforward questions. Your needs will be met by one of the homes from LGI Homes!
Step Two: Consider Your Options
It’s time to start looking for your ideal home once you have a concept of it! To focus your search, learn more about the neighborhood(s) and the location you want.
To determine what size, floor plan, home features, and neighborhood amenities appeal to you the most, browse homes that meet your style and price range.
You can determine whether LGI homes meet your needs with the help of our extensive photo galleries, captivating 360° Looks, and interactive floor plans.
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Step Three: Review the finances and costs.
LGI Homes, they think the question is not “If” you can buy a house from us, but rather “When”. Everything hinges on timing.
Before making a house purchase, it is crucial to understand your finances. Significant investment and prospective lifestyle adjustment is home ownership.
Step Four: Purchase a new home!
The hard job is now done, which is wonderful! You have a budget in mind and have identified the ideal LGI home. Let’s proceed from here.
LGI Homes discuss your finances and choose the ideal mortgage choice for you together. They also promise a smooth home buying experience thanks to our chosen lenders and skilled New Home Consultants. Purchasing from LGI Homes is simple.
Step Five: Closing Day
It’s time to sign the contract after LGI Homes has gone over your finances, monthly investment, and down payment.
On closing day, our loan officers and new home consultants will make sure you fully comprehend everything you are signing. You will soon receive the keys to your brand-new LGI house, and we can’t wait!
Step Six: Move in and Settle down
Congratulations on your home ownership! You succeeded. LGI’s great customer service continues even after you move in.
The company’s personnel are committed to making sure you have a worry-free stay in your LGI home and have created a seasonal checklist for you to use throughout the year to maintain your new house and keep it operating efficiently.
Call or make a warranty claim if you have any queries or demands, and LGI personnel will take care of anything urgently. Enjoy your new residence.
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How much does the Program Cost?
The LGI Homes review claims that it costs nothing to apply! Once you’ve applied, been accepted, and located the property, you’ll make a one-time initial home savings contribution (or down payment) along with a monthly payment to live in the home while you save money to buy.
The location, style, square footage, and type of home structure all affect the cost of housing under the LGI Home program.
Let’s examine some of the locations, price points, and estimated mortgages offered by LGI Homes.
1. Allatoona
- Location: Birmingham, AL
- Price: $329,900
- Estimated Mortgage: $1,399/month
Description
The Hunter’s Point neighborhood at Innsbrook is a tranquil place where you can find the Allatoona floor plan. This lovely, one-story house has a practical plan that suits a variety of lifestyles and gorgeous external features.
The interior of the Allatoona is brimming with exquisite enhancements, including recessed lighting, energy-efficient appliances, and a roomy under-mount kitchen sink, in addition to having excellent curb appeal.
You’ll fall in love with cooking in the chef-ready kitchen, and the roomy master retreat will be the ideal place to unwind at the end of each day. With this floor plan, you can design a place you love and can name “home.”
2. Hartwell
- Location: Birmingham, AL
- Price: $343,900
- Estimated Mortgage: $1,459/month
Description
With its spacious, renovated interiors and gorgeous external design, this four-bedroom Hartwell is sure to be the highlight of your family’s life.
The Hartwell has a master suite, four bedrooms, two and a half baths, a study, a formal dining room, a large family room, and an open breakfast area. You can get the efficiency and room you need with an open-concept design.
Come take a tour of Hartwell to prove to yourself that the ideal home for you does exist!
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3. The Orchards
- Location: Sacramento, CA
- Price: $400,900
- Estimated Mortgage: $1,699/month
Description
In a prime setting, LGI Homes at The Orchards provides a wide selection of fantastic newly built homes. The Orchards offer you the quiet of the country without sacrificing easy access to amenities, nestled among acres of gorgeous countryside and less than five miles from the motorway.
4. Cannery Park
- Location: Sacramento, CA
- Price: $471,990
- Estimated Mortgage: $1,999/month
Description
Discover Cannery Park, a magnificent community built by LGI Homes. This community puts you in the heart of it all thanks to its prime location in the culturally diverse city of Stockton.
You have quick and easy access to the major employment areas of Sacramento and Stockton because of the location off Highway 99 and close to Interstate 5. Offering a variety of roomy, brand-new houses with open floor plans and a ton of incorporated extras is LGI Homes.
5. Palm Coast
- Location: Daytona Beach, FL
- Price: $324,900
- Estimated Mortgage: $1,379/month
Description
You owe it to yourself to check out LGI Homes at Palm Coast if you want to improve your quality of life with a brand-new, energy-efficient home!
Here, residents will live an active lifestyle surrounded by the picturesque coastal beauty of the best Florida beaches. Palm Coast features high-quality houses at reasonable costs and is conveniently positioned between Daytona Beach and St. Augustine.
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Careers in LGI Homes
LGI Homes upholds a strong corporate culture that is centered on people, procedures, and ongoing progress. This company’s personnel are prepared for success through unrestricted training and goal-setting.
At LGI Homes, recognizing employees is crucial. All of their employees can accomplish their objectives thanks to extravagant rewards and unrestricted growth potential.
LGI Homes reward their top performers in a variety of ways, including an all-expenses paid trip, loyalty rings, and having employee photos shown on the NASDAQ in Times Square.
Since the LGI career opportunities are one factor that makes the LGI homes reviews stand out; let’s take a look at some career paths available
- Office Manager
- Digital Marketing Specialist
- Conduction Manager
- Marketing Coordinator
- Purchasing Manager
- Construction Management Intern
- Retail Salespersons
- Market Research Analysts
- Data Entry Clerk
- Marketing Specialists
- Customer Service Representative
- Data Analyst
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FAQs About LGI Homes Reviews
Who are the major competitors of LGI Homes?
Meritage homes, Woodside Homes, Century Communities Inc., and Maronda Homes are LGI’s major competitors.
Is a 20% down payment required?
It’s a common misconception that to acquire a property, you must have saved 20% of the total cost. With the LGI homes reviews, this isn’t the case! Amazing lending programs with down payments as low as 3.5% are offered.
Will I Discover a Home That Has Everything on My Wish List?
Knowing what you want in a home is crucial, but it’s also critical to understand that no single house is likely to satisfy all of your needs. At every price point, consumers give up something from their want list. Make a list of the objects you absolutely must have to help you on your journey.
Does the Down Payment Constitute the Only Upfront Cost?
The largest upfront expense, though not the only one, is the down payment. Other fees to consider include closing costs and earnest money. The earnest money, usually $1,000, is paid when you decide to buy to remove your home from the market.
Conclusion
LGI Homes want to make it possible for people to own a home, and they make it easier to get your first mortgage approved. Normally, this process might take weeks or more.
This company has created beautiful yet affordable homes, streamlined the purchasing process, and stood by its clients at every turn.
So if you are interested in becoming a homeowner, work with the LGI homes reviews in this article and commence on that plan.
References
- lgihomes.com – LGI Homes
- workforlgihomes.com – About LGI Homes
- builderonline.com– LGI Homes