Harris Country is the largest county in Texas and the 3rd largest in the country. The main city in the county is Houston, which is the largest city in Texas. The northwest portion of Harris County is home to dance theaters, a symphony, and the Barbara Bush library. The region is home to golf tournaments, and ice gala, and an arts and cultural celebration. If you are moving to northwest Harris, you can find the perfect home for you. Lenders are standing by to help you find the perfect home.
Demographics and Median Income of Northwest Harris
The population of the area stands at 633,721. The population has been rising each year. The median household income is $78,046. 53.5% of the population are white, 20.1 are black, and 34.7% are Hispanic. 7.9% are Asian. 10% are people are living in poverty. The unemployment rate is 5.5%.
Median Home Prices of Northwest Harris
Numerous types of homes are found in Northwest Harris. The prices of quality homes range from $70,000 to over a million. The median home prices stand at $264,900.
Crime Rates of Northwest Harris
The crime rate is quite a bit above the national average. However, northwest Tarrant has a lower rate than the city of Houston. The crime rate has decreased over the last year.
Northwest Harris is home to 4 large school districts. You can also find private schools and schools of higher education. 20.4% have a college degree, and almost 90% have a high school diploma. Klein ISD is one of the best school districts in northwest Harris.
Mortgage Loan Options of Northwest Harris
Northwest Harris, TX is home to many lenders who will find the right home for you. Before you apply for a loan, it is a good idea to be familiar with your options. One of the choices you need to make is whether you want a fixed or an adjustable-rate mortgage. An adjustable-rate loan is a good option if the home is only temporarily. This loan might be good if you get a higher interest rate than you would like. You can eventually refinance for a lower rate.
The most common type of loan is a 30-year fixed-rate mortgage. With a fixed-rate, your rate will not change throughout the life of the loan. You will always know what your monthly payment amount will be. You can also get shorter terms. Many people prefer shorter terms because you can pay off the mortgage earlier; therefore, you will save money.
There are several types of loans available. Some if these loans consist of:
- Government-Backed loans: Government-insured loans are less-riskier for the lender since they are insured by the Federal Government. The Veterans Administration backs VA loans, and they offer 100% financing for the loan. The Federal Housing Administration insures FHA loans. They require a minimum down payment, and you can get a loan without a perfect credit history. People who are buying a home in rural areas could get approved for a loan with the US Department of Agriculture.
- Conventional loans: These loans might require better credit and a larger down payment. However, they could be obtained quicker.
Northwest Harris offers excellent home options for residents. If you are moving to the area, research the neighborhoods and area to see where you want your new home. You can then obtain a mortgage loan and enjoy the privileges that come with being a home owner.