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Whether you are a first time home buyer in eagle lake or trading up to a larger home, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Eagle Lake Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Eagle Lake, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is your local credit union. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications.

Eagle Lake Texas Overview & Statistics

Eagle Lake Overview

As of 2007, Eagle Lake's population is 3,723 people. Since 2000, it has had a population growth of 1.61 percent.

The median home cost in Eagle Lake is $85,000. Home appreciation the last year has been 0.61 percent.

Compared to the rest of the country, Eagle Lake's cost of living is 31.08% Lower than the U.S. average.

Eagle Lake public schools spend $6,461 per student. The average school expenditure in the U.S. is $6,058. There are about 14 students per teacher in Eagle Lake.

The unemployment rate in Eagle Lake is 3.30 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Eagle Lake jobs have Increased by 2.17 percent.

Eagle Lake Climate

Eagle Lake, TX, gets 40 inches of rain per year. The US average is 37. Snowfall is 0 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 45.

On average, there are 207 sunny days per year in Eagle Lake, TX. The July high is around 95 degrees. The January low is 37. Our comfort index, which is based on humidity during the hot months, is a 23 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Eagle Lake Housing

The median home value in Eagle Lake, TX, is $85,000. Home appreciation is 0.61% over the last year. The median age of Eagle Lake, TX, real estate is 40 years.

Eagle Lake, TX Apartments and Rentals

Renters make up 27.73% of the Eagle Lake, TX, population. 13.40% of houses and apartments in Eagle Lake, TX, are unoccupied (vacancy rate).

Eagle Lake Crime

Eagle Lake, TX, violent crime, on a scale from 1 (low crime) to 10, is 4. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Eagle Lake, TX, property crime, on a scale from 1 (low) to 10, is 5. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

Eagle Lake Real Estate Agents

Texas First Time Home Buyers Grants

Texas First Time Home Buyer Programs

Texas Home Loans

 


   
Housing Not Yet At Bottom
 Real Estate continues to lose value. One expert predicted the subprime financial crisis in 2008 and is now calling for an Economic Depression in 2011 -2012. Learn how he is helping others protect and greatly increase their wealth in spite of the financial crisis. Read more>>>

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