Military millennials, big home-buyers in Killeen

Via Texas A&M:

(2/10/2015 7:00:00 AM)

KILLEEN – Killeen’s housing markets are on the rise and it is young people, many of them young military couples, who are leading the way.

FortHoodMainGate

“Last year and continuing into this year, the majority of our purchase volume has been driven by first-time homebuyers,” said Katie Miller, Navy-Federal Credit Union’s vice president of mortgage lending. “The vast majority of those are ages 25 to 34.”

“In Bell County and the Killeen (area), 70 percent of our first-time homebuyers are active-duty military,” Miller said.

Many young military men and women are investing in homes at a time when interest rates are as low as 3.2 percent for qualified buyers who take out VA home loans.

HOME

“Texas is absolutely hot,” Miller said.

“From 2013 to 2014, our purchase volume in Texas alone increased 41 percent. In Bell County, our purchase volume increased 80 percent. We recognize the opportunity in Texas.

We see ourselves as first-time home-buyer experts and VA experts so, when you talk about military millennials, that’s our bread and butter.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s