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Amenities Blog Homebuilder Kyle Texas

Meet Our Builders

From the amenities to the community’s carefully designed layout, everything about the master-planned Crosswinds community was executed with a purpose. This, of course, includes the award-winning builders behind the spacious floorplans of each move-in-ready home. 

 

Careful consideration went into choosing each of the six homebuilders below. 

 

Brightland Homes  – In just over three decades, Brightland Homes has emerged as one of the country’s premier home builders, crafting homes in every major metro area in Texas, as well as Phoenix, Nashville, Denver, and Jacksonville. In 2023, the firm earned industry awards in a variety of categories, including “best product design,” “best kitchen,” “best great room,” and “best bathroom.” Brightland currently has 9 homes available in Crosswinds. 

 

Highland Homes – Texans have been enjoying the craftsmanship of Highland Homes for over 40 years, and that continues with the constructed homes in Crosswinds today. The employee-owned company utilizes the best in home design and construction down to the very last detail. The results speak for themselves with 11 Best Architectural Design Awards. Highland currently has 11 homes available in Crosswinds. 

 

MileStone – Once you step into a MileStone-constructed home, it’s easy to see why the firm is now Austin’s largest home builder. The home design outfit offers a wide variety of floorplans, all designed for comfortable living with the amenities and designs that today’s homebuyers are looking for. Crosswinds currently has 4 MileStone-designed homes ready for move-in, all of them with at least 4 bedrooms and a 2-car garage. 

 

Pacesetter – Not to sound like a cliche, but Pacesetter truly does set the pace when it comes to elevated home construction. The brand has roots reaching back over 70 years and continues today to create homes with open and inviting spaces that appeal to both first-time homebuyers, growing families, and active adults. Check out Crosswinds’ available inventory to view floorplans of the six ready-for-move-in Pacesetter homes, ranging from 1,500 to 2,327 square feet. 

 

Pulte Homes – The history of Pulte Homes dates back over 70 years to a single home constructed by founder Bill Pulte. Today, the home builder has homes in over 40 major cities, each one of them designed with the homeowner in mind. Step into a Pulte-designed home, and you’ll find innovative floor plans that incorporate smart technology, versatile living, and thoughtful storage space. Crosswinds currently has 3 Pulte homes ready for move-in, starting in the low $300s. 

 

Perry Homes – Homebuyers will instantly appreciate the planning that was put into the home design by Perry Homes. All of the firm’s homes utilize smart home technology and are designed with open floor plans in a variety of styles. Perry Homes is also committed to being environmentally responsible throughout the building process and using sustainable or recycled materials whenever possible. There are currently 27 Perry Homes available within Crosswinds, ranging from 1,593 to 2,999 square feet. 

If you’re interested in finding the dream home that aligns with your lifestyle, reach out to us today to learn more about our home builders and the available homes in the Crosswinds community.

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Blog Homebuilder Homeowner Tips Kyle Texas Tips

Navigating the 2024 Real Estate Landscape: Tips for Homebuyers

Buying a house is a major financial decision, regardless of what’s going on in the housing market. Nevertheless, buying a home in 2024 is a different animal than it was even a few years ago. 

 

While there is some not-so-great news for homebuyers in 2024, there are bright spots on the horizon, too. 

 

Market Trends

 

While 2023 was marked by high prices and high interest rates, there could be light at the end of the tunnel in 2024, according to experts. “Mortgage rates should trend lower throughout the year as inflation pressures ease…,” Greg McBride, CFA, chief financial analyst for Bankrate, said. 

 

Unfortunately, the number of available homes is still low, and home prices are not expected to drop in 2024. Lawrence Yun, the chief economist with the National Association of Realtors, said there’s only a 3.2-month supply of homes on the market, whereas a balanced market has enough homes for a five to six-month supply. However, other experts disagree and predict home inventory will increase in 2024, so be patient and keep your ear to the ground!

 

Home Buyer Strategies

 

Even though it’s a tough market for homebuyers in 2024, all hope is not lost. Some good strategies can still help a savvy homebuyer find their dream home in 2024. 

 

  • Keep an eye on interest rates. They’ve been declining since October and are expected to continue a trend downward. 

 

  • Consider virtual tours. If you’re open to a virtual tour, this could buy you some time to make a fast offer rather than waiting to see a home in person.

 

  • Shop in the winter or fall months. Spring and summer tend to have more inventory, but fall and winter months tend to have fewer bidders and potentially lowered sales prices. 

 

Important Considerations

 

There are some things – like buying in a good location – that will always be a smart move, no matter the market trends. Before you go about picking out new furniture and interior paint colors, consider these important factors. 

 

Affordability. How much house you can afford is a paramount question. A safe rule of thumb is a monthly mortgage payment that’s no more than 25% of your take-home income. 

 

Home buyers should also factor in the cost of utilities in the area, as well as any HOA fees, needed home repairs, and general maintenance. 

 

Consider the neighborhood and school district. A safe neighborhood with good schools is a significant factor that not only impacts the price you’ll pay for a home but your home’s value when it comes time to sell as well. 

 

Crosswinds Benefits

 

With low inventory frustrating many potential home buyers, experts are highlighting the benefits of buying a new home. “With the crazy lack of inventory still causing headaches in the market, building a home becomes an attractive option, and with spec homes and semi-custom-building options,” Nick Bailey, president of RE/MAX, said

 

Crosswinds offers a range of both completed and soon-to-be-completed new homes by some of the best builders in the country, many with customizable home options. 

 

Not only are the homes in the Crosswinds built with the latest designs in home construction innovation, but residents can enjoy resort-like amenities, and the community feeds into a great school district

If you’re ready to find your perfect home in 2024, reach out today to learn more about the amazing master-planned Crosswinds community.

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Blog Homebuilder Kyle

Builders in Crosswinds

Crosswinds was developed to create a dynamic community by incorporating design aspects that enhanced the daily aspects of life. That concept is evident with features such as resort-style amenities and homes constructed with the best materials by today’s top homebuilders. 

These elements make a Crosswinds home entirely unique and a great place to live, and a solid investment for your future. 

 

The builders at Crosswinds have been hand-picked for their proven history of excellence. All have been crafting distinctive homes in the Austin area now for decades. With exclusive designs and flexible floor plans, you’re sure to find your dream home. Get to know some of our fantastic builders and learn more about their unique styles:

 

Brightland Homes – With customizable floorplans and craftsmanship that utilizes the latest in homebuilding technology, homeowners can rest assured they’re buying a home that can be enjoyed for decades to come with Brightland. The firm has been constructing exceptional homes for over 30 years and has earned countless design and construction awards in the process. 

 

Highland Homes – For nearly 40 years, the builders of Highland Homes have been designing and constructing homes that Texans can be proud of and grow in. The company strives to provide homes with floorplans that work for today’s homeowners by using the latest innovations in construction building materials. It’s this sort of commitment that has helped Highland earn numerous industry awards, including the People’s Choice Builder of the Year award for nine consecutive years. 

 

Pacesetter Homes – Inviting living spaces, high-quality materials, and energy-efficient design and construction are what you’ll find with a Pacesetter home. The team behind the Pacesetter name knows a thing or two about designing the perfect home – they’ve been in the business for over 70 years. The Austin-based firm is committed to giving Kyle families a home that is designed to a higher standard and can be a foundation for living life to the fullest.

 

MileStone Community Builders – Co-Founder and CEO Garrett Martin is all about creating beautifully crafted homes that perfectly align with the lifestyle of Central Texas. Since 2009, he’s surrounded himself with a team of designers and project managers, all with one goal in mind – to deliver a great home and a great home-buying experience each and every time. With strong attention to detail and commitment to quality, it’s no surprise MileStone is one of the area’s most esteemed homebuilders. 

 

Perry Homes – Commitment to the highest quality, superior design, and exceptional customer service – these are the cornerstones that guide the Perry Homes team. The woman-owned business has constructed stunning homes in over 90 communities across the state, and now they’ve brought that expertise to Crosswinds. With floorplans and features developed for a variety of lifestyles, Perry Homes retain one of the highest customer satisfaction ratings in the industry. 

 

Pulte Homes – Known for expert craftsmanship, distinctive curb appeal, and striking features, the homes built by the Pulte Homes homebuilding team are designed to provide homebuyers with a home that meets their needs of today and tomorrow. This means versatile living spaces, flexible floor plans, and customizable features. With award-winning designs and construction that can stand up to a busy lifestyle, it’s easy to see the appeal of Pulte Homes in the Crosswinds community. 

With homes starting in the $300s and features such as two-car garages, home offices, game rooms, and luxury kitchens, our hand-picked builders have thoughtfully designed the ideal home for making the most of the Hill Country lifestyle. Contact us to learn more about our current inventory of beautiful homes. 

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Homebuilder

Meet MileStone Community Builders

If you live in the Texas Hill Country, there’s a good chance that you’ve seen a MileStone home even if you didn’t realize it. This Austin-based homebuilder has crafted thousands of beautiful homes in the Texas Hill Country. 

 

They’re Austin’s largest privately held homebuilder and have been recognized both locally and nationally for not just creating stunning and highly functional homes, but for its work within the community. The homebuilder frequently partners with local charities and nonprofits to better our neighborhoods. 

 

We’re pretty excited to have MileStone Community Builders making their mark in Crosswinds. Keep reading for a look at MileStone’s background and some of the homes they’re building right here in Kyle.

 

Excellence and Building Up

MileStone Community Builders was co-founded in 2009 by current CEO Garret Martin with the goal of building beautiful homes that fit the lifestyle of Central Texas. To say that they’ve been successful in meeting that goal would be an understatement. Milestone has been recognized as one of Inc.’s 500 Fastest Growing Companies and earned a Residential Real Estate Award for “Home Builder of the Year” as well as a “President’s Choice Award” from the Home Builders Association of Greater Austin. 

 

The homebuilding group is also committed to making it easier for those who serve us in the Central Texas region to buy a home. Through their Hometown Heroes program, MileStone helps police officers, firefighters, paramedics, nurses, grocery, and construction workers shave up to $2,000 off of a new home purchase. 

 

Find Your MileStone Dream Home at Crosswinds

With our wide open spaces, abundant amenities, and convenient access to everything Austin has to offer, Crosswinds is an ideal community for a MileStone home. Currently, we have a range of homes and floorplans that will soon be ready for quick move-in. 

 

The Bedford – This charming 1,694 square foot home includes 3 bedrooms and 2 full baths. Home highlights include a spacious study, a stunning kitchen with quartz countertops, 42’ cabinets, and a subway tile backsplash. The home’s living area is welcoming with plenty of natural sunlight and the master suite includes a walk-in closet with an extended shower in the bath.

 

The Hamlin – A beautiful brick archway welcomes guests and residents to this 2,158-square-foot home. Inside, the home features a grand rotunda washed in natural light amid 4 bedrooms and 3 bathrooms. An optional 3-car garage and top-of-the-line kitchen with modern features complete the home.

 

The Liberty – One of MileStone’s more popular plans, this spacious home covers 2,912 square feet and includes 4 bedrooms and 3.5 bathrooms. The 2-story home with an open floor plan and high ceilings features a chef’s kitchen with quartz countertops and a kitchen island as well as a media room wired for surround sound. 

 

Expertly crafted homes from MileStone Community Builders are just one of the aspects that make Crosswinds such an appealing place to call home in Kyle. If you’d like to learn more about our available amenities and find your dream home, reach out to us today, or stop by the MileStone sales office at: 422 Crosswinds Pkwy, Kyle, TX 78640 to talk to the sales team.

 

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Homebuilder Homeowner Tips Lifestyle

How to Buy and Sell a Home at the Same Time

It can be stressful to buy and sell a home at the same time. You fear that you’ll sell your home faster than you can find one.

Or worse, you end up with two mortgages as you found your new home faster than expected. If homeowners could do what they want, it’d be to move in their new home and then sell their old home after they’ve gotten settled. But it still presents the problem of being stuck with two mortgages. Here’s what you can do to ease the anxiety of buying and selling a home.

Study the Market

Before moving forward with hunting for a new home and putting yours on the market, understand the housing market in the areas where you’re buying and selling. Better yet, talk to your real estate agent. They can tell you whether the market leans in the favor of buyers or sellers.

A seller’s market means you’re more likely to sell your home quickly while it may be a struggle to find a new place to live. You may have to expand your search for a new home.

A buyer’s market means your current home will have an uphill battle. Often, it requires making updates to your home to stand out from the other homes. Or, you’ll have to set a price that’s reasonable. Buyers won’t look at the home if it’s being listed for too high.

If you sell first, then you’ll have to find a temporary place to live while looking for your next home. You won’t have the stress of a down payment. And if you buy first, you’ll have two mortgages and it can make it harder to qualify for a new mortgage since you still have responsibility for your old home.

Explore Financial Options

It’s easy to know that if you sell first, you’ll be prepared for the additional costs of renting between homes. To help ease the pressure of finding a new home quickly, ask your real estate agent about doing a rent-back agreement.

For those opting to buy first, ask your realtor about contract contingency and a bridge loan. There are advantages and advantages of both options.

If nothing else, be prepared for the worse outcomes. When you accept them, it’ll be easier to manage. For example, if you accept that you may have two mortgages for a few months, then you can plan for that. You may have to put off selling while you put some money away to handle two mortgages. At least, you’ll be prepared for it instead of being surprised by it.

It’s easy to feel pressured into making fast decisions. Don’t. It’s important you take your time and find the right home. It’s good you’re thinking about these things and planning. That will take out some of the pain in buying and selling a new home at the same time.

To stay on top of great resources from Kyle and nearby, connect with us on Facebook, Instagram, and Twitter. Looking to move? Meet the Kyle home builders or contact our Crosswinds team.

 

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Design Homebuilder

5 Benefits of Building a New Home

One of the best investments you can make in your lifetime is to buy a new home. Homeowners often experience a bigger return on their investment when they eventually sell their homes. On top of that, the Austin real estate market is hot.

Those who prefer a quieter and smaller place to live in the Texas Hill Country will find that in Kyle, which is just 20 minutes from downtown Austin. Kyle has everything you want to live, work, and play while being close enough to Austin to take advantage of its unique offerings like Austin City Limits.

Here are the top five reasons to buy a new home in Kyle, TX.

  1. Live in a home built by hand-selected homebuilders

Our team vetted many Kyle homebuilders to choose the right ones for the Crosswind’s community. It’s important that all builders design homes that reflect Crosswind’s mission of creating an active community with all the comforts of home.

While you and your neighbors have the same goal of finding a place to call home with a thriving community, you may have different design styles. We selected these builders to make sure you get a home in a design that you love.

Building a home in the Texas Hill Country is very different from building a home in the panhandle or East Texas. The environment, elements, and land are different. These builders know the Texas Hill Country and design homes with nature in mind.

  1. Have a say in your home

If you have specifics in mind about your floor plan, you can do that in a Crosswinds home. Each builder has different floor plans. Whether you want a three-car garage, an office, a game room, or all of the above, you can get that by selecting a floor plan the best fits what you want.

  1. Select the right colors

A house may be perfect except that yellow backsplash is not your cup of tea. Rather than having it changed out, you can make those design choices when you work with a to-be-built home. You choose the carpet, the paint colors, the backsplash, and the cabinetry.

  1. Enjoy community amenities

There is one community amenity that no builder has control over. And that’s nature. The Crosswinds community allows the natural beauty of the Texas prairies to shine. Landscape architects developed a plan to highlight the best of nature while adding features that brings everyone and the outdoors together.

Live oak trees shade the community pool complex known as the Cove. The younger kids can splash around its wading pool while adults will relish relaxing by the pool covered by shade. The community also contains a place for gatherings, play dates, or celebrating. Residents can also pick up a fresh gourmet coffee or tea at Le Muse Coffee right in the community.

  1. Be the first to live in your home

When touring pre-owned homes, it’s not easy to spot problems and damage. With a new home, you won’t have to worry about that. And a new home will have a warranty. The type depends on the builder.

You’ll benefit from these top five reasons when you opt for a to-be-built home in Kyle’s Crosswinds. Kyle has much more to offer, so browse this blog for more.

If you’d like to learn more about new homes in Kyle, please contact our Crosswinds team. To stay on top of great resources from Kyle and nearby, connect with us on Facebook, Instagram, and Twitter.

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Area Attractions Homebuilder Lifestyle

The Austin Housing Market Is Hot

Exciting news! A WalletHub study has ranked Austin in the top 10 in multiple categories. One of those is the No. 2 spot on WalletHub’s Best Places to Buy a House list. And Austin takes the top spot for large cities with hot real estate markets. This hot market extends beyond Austin city limits as the housing market data in the region also shows demand is soaring.

Central Texas Market Is Hopping

The Austin Board of Realtors’ Market Statistics report shows the volume of homes sold in June has set records. Part of this stems from the pandemic changing buyer preferences. With more people working from home, buyers want reliable broadband access, a home office, and flexible working and living spaces. Because of their staying home more, they’re looking to suburban areas to find homes with more square footage and outdoor space.

A Community Impact article states that the Central Texas market has been flying since the middle of 2020 according to realtors and economists. It also credits telework with the boom as remote workers move away from expensive cities where they no longer have a commute.

New Homes in Kyle, Texas

Are you in the market for a new home with easy access to Austin in a quiet place? Come check out Kyle, a small town just 20 miles from downtown Austin and 15 miles from shoppers’ paradise in San Marcos. Be warned that the new home inventory in Kyle’s Crosswinds community goes fast.

CoreLogic states the Austin housing prices have surged almost 33 percent from August 2020. As of October, the median price of a new home is $408,350 in Kyle. This is cheaper than Austin’s median sales price of $470,000. A new home only lasts 25 days on the market before it’s bought, so anyone interested in Kyle, TX homes will want to move fast.

The new homes in Crosswinds range from 1,500 sq. ft. to 2,250 sq. ft. Residents will be able to play, swim, and enjoy the trails at the Windy Point amenity center. The trails connect to the amenity center and pool, a kids’ playscape, and an open playfield. The community dog park also gives fur babies a place to run around and play.

Many places are located within 30 minutes from Kyle. And anytime you’re ready to travel a little further, Austin-Bergstrom International Airport (ABIA) is an easy drive from Kyle.

Residents choose Kyle for the small-town lifestyle while being close enough to Austin to take advantage of its offerings. Even businesses know the value of living in Kyle as Lowe’s, Amazon, Tesla, and others have or plan to move to Kyle and the Austin area.

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Area Attractions Homebuilder Lifestyle

Here are 4 Reasons to Buy a New Home in Kyle, Texas

Looking for a new home near Austin, but in a quieter place with all the charms of small-town living? Come check out Kyle, Texas. You’ll find everything you need to love living and playing in this town is just 20 miles from downtown Austin.

Here are the top four reasons to buy a new home in Kyle, TX.

  1. Live in a Home Built by Carefully-Selected Homebuilders

Selecting Kyle homebuilders to build the homes in Crosswind’s community was the most important thing our team did. We wanted every single resident to get the high-quality home they wanted. Another factor we took in consideration is that everyone has their own tastes and styles. In choosing these builders, we ensured that they specialize in the style you want for yours. Whichever builder you choose, you can count on them to construct a home for you as if it was their own.

Our builders have experience in designing homes for the Texas Hill Country. Designing a home in East Texas requires a different approach than one in the Texas Hill Country. The elements, the environment, and the land are different. These builders architect homes designed to work with what nature offers.

  1. Enjoy Amenities Right Inside the Community

The most important community amenity is one that no builder can buy or build. That’s the natural beauty of the Texas prairies that attract the area’s first explorers and citizens. Crosswinds’ landscape architects worked with the land to bring out its best features while creating a community for families that brings everyone and the outdoors together.

The best amenities are all about the outdoors. The Cove, the community pool complex, is shaded by the live oak trees. The little ones can splash around the wading pool. And adults will relish the peacefulness of sitting by the pool covered by shade. The community intersects with an extensive trail system that allows you to walk along Onion Creek under the live oaks.

The community also features a hall that’s great for gatherings, play dates, or toasting your neighbors. And finally, residents can enjoy a fresh cup of gourmet coffee or tea by stopping at Le Muse Coffee. They also have amazing tacos and a porch with seating.

  1. Gain the Best of Both Worlds Location-wise

Austin is a fun city with so many things to experience. Still, some people would rather live in a quieter place that’s close enough to Austin for an easy trip. Kyle offers the best of both worlds. You gain everything you’ve wanted that comes with living in a smaller town and yet you have easy access to Austin.

  1. Be the First to Live in the New Home

You won’t have to worry about damage from previous ownership. You’re the first one to live in the home. It’ll be in great shape. Most homes tend to be under warranty. The length depends on the builder.

These four reasons are the biggest reasons residents buy a new home in Kyle. Of course, there’s more. Browse this blog to discover all Kyle has to offer!

If you’d like to learn more about new homes in Kyle, please contact our Crosswinds team. To stay on top of great resources from Kyle and nearby, connect with us on Facebook, Instagram, and Twitter.

 

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Homebuilder

What First-Time Homebuyers Need to Know

Searching for your new home in Kyle is an exciting time. For first-time homebuyers, it can feel overwhelming. Where do you start? Never fear, here is a simple guide on what you need to know as a first-time homebuyer.

  1. Determine What You Can Afford

Try to aim for the middle of what you can afford rather than the high end. Things happen and there are fees associated with buying a new home. These fees may include insurance, property taxes, homeowner association dues, maintenance, and utility. And the rate varies based on your location.

Zillow has an affordability calculator to help you do the math. You can enter the amount you plan to make on a down payment, your household’s combined annual income, any debt, and monthly expenses.

  1. Find a Trusted Real Estate Agent

Real estate agents do more than help you search for the right home and get you inside to look around. The best ones walk you through the buying process. You also want to find an agent that knows Kyle or whatever location you’re looking into. To find a trusted agent, ask friends for referrals. Interview them before you select one.

  1. Calculate Your Potential Home Loan Mortgage

After you narrow down your list of homes you like, start crunching some numbers. Realtor.com has a mortgage calculator to determine your estimated monthly home loan mortgage payment.

  1. Request an Inspection

Yes, even if you’re buying a new home in Kyle, you want to have a home inspection. While the Crosswinds community has hand-selected the builders with exemplary records of high-quality construction, it’s still a good idea to request a home inspection. Sometimes things get overlooked and the inspection will help find them.

  1. Round up Your Documents Early

When it comes time to sign the papers, you’ll be signing a lot of them. The final paperwork is about the size of a small book. Before you can sign anything, you’ll need to pull together many documents. That’s why it’s a good idea to start this process early.

You’ll need almost everything from the past two years including pay stubs, bank account statements, tax returns, W-2s, statements from any loans including auto and credit lines.

We hope this list will ease the feeling of being overwhelmed as a first-time buyer. A good real estate agent should be able to guide you every step of the way.

If you’d like to learn more about new homes in Kyle, please contact our Crosswinds team. To stay on top of great resources from Kyle and nearby, connect with us on Facebook, Instagram, and Twitter.

 

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Education Homebuilder Lifestyle

5 Top Tax Benefits of Buying a New Home You Need to Know About

Searching for a new home in Kyle is a wonderful adventure. That ideal home and all its possibilities await you out there somewhere. Buying a new home, no doubt, is one of the most memorable times in a person’s life. And it will increase your net worth for all its worth and other advantages.

Here are the top tax benefits of owning a home.

  1. Deduct Interest on Your Mortgage

Homeowners will be able to deduct the interest they pay on their mortgage. Be aware that this applies to home financing that’s under $750k. if you’re shopping for a home in Kyle, Texas, you’re most likely to gain the full benefit of this. One of the reasons people love living in Kyle is for its affordability.

Any interest you pay as part of the closing costs associated with the purchase will be deductible. You can usually find this information on the settlement sheet. Prior to tax time, your lender will send IRS Form 1098 to you. This shows all the money you’ve paid in interest on your loan for the past year.

  1. Deduct Private Mortgage Insurance (PMI)

Private mortgage insurance is often required for buyers who put down less than 20 percent of the value of their home. Its purpose is to protect the mortgage lender in the event the buyer quits making payments toward the loan.

Just like the ability to deduct interest that you pay on a mortgage, you can also deduct the amount you pay for private mortgage insurance. It can slightly reduce the financial burden for those who can’t put down 20 percent.

  1. Deduct Property Taxes

Homeowners can deduct up to $10k per year on property taxes. You may pay property taxes either through your lender or municipality. In both cases, it’s critical to keep financial records of the amounts you paid for the year. You can save thousands of dollars when deducting property taxes.

  1. Deduct Home Office Space

With many people getting to switch to remote working thanks to the pandemic, this will be a new benefit. People who work from home can deduct the square footage of the space used as an office. You can also deduct resources you use to conduct business such as computers, printer toner, and webcams.

To prevent the abuse of this deduction, the IRS caps this to 300 sq. ft. This is one where a tax professional is your best bet to ensure you optimize this deduction while following the rules.

  1. Deductions for First-Time Buyers

Homebuyers sometimes take out money from their IRA to put toward their down payment. However, the IRS often imposes a 10 percent penalty for withdrawing from an IRA before 59-and-a-half years old. The good news is that anyone who has never owned a principal residence in the past year may be able to withdraw up to $10k without penalty, or $20k for married couples.

You can use this method when buying a home for a family member. Be aware that any funds you withdraw from your IRA need to be used within four months of the withdrawal.

Don’t let the homebuying process daunt you. There are people who can help you. Ask them about these tax benefits. Good luck with your home search.

To stay on top of great resources from Kyle and nearby, connect with us on Facebook, Instagram, and Twitter. Looking to move? Explore the inventory of new homes in Kyle or contact our Crosswinds team.