Main Street Homes, a new home builder in Austin, recently announced their Help Program, a new incentive for home buyers that shows the builder has confidence in the Austin, Texas job market. The incentive is insurance for home buyers that are in fear of losing their job and involves an agreement stating that Main Street Homes will pay up to 6-months of mortgage payments for buyers that are laid-off. The insurance incentive is tied to the builder’s preferred lenders and covers up to $1,800 in monthly mortgage payments (for 6-months); the “insurance policy” lasts for 1-year.
According to the article found on txcn.com (Texas Cable News), lenders said that the program is “legit”. Main Street’s Vice Price of Sales Greg Smith said, “It’s a cost that is paid by Main Street Homes. It’s not something that is passed onto the buyer. It’s not something that the buyer has to maintain premiums on keeping up the insurance coverage,” about the Help Program. For you non-calculator carrying readers, the total amount of the incentive (if needed for 6-months at $1,800 per month) comes to $10,800.
Highlights of the Help Program
- Home Builder: Main Street Homes
- Location: Austin, Texas
- Incentive: Insurance Policy for homebuyer stating that Main Street Homes will pay a homebuyers mortgage payments if they are laid-off from their job.
- Incentive/Insurance Policy Term: 1-year
- Monthly Mortgage Contribution Limit: $1,800
- Contribution Term: 6-months
- Total Incentive if Used Completely: $10,800
- Lender Requirements: Main Street Home Preferred Lenders
For more information about this incentive, call 512-327-8620 or visit their company website www.MainStreetHomes.com.
I am a Managing Partner, Internet Marketer and Blogger at New Homes Section. Follow me on 
Do not buy a Mainstreet home. Builder will never come out and fix any warranty request properly. They will patch it up and cover it up until your warranty expires and then tell you they’re sorry and leave you with the mess. You will have to pay out of pocket for your repairs (repairs on a new home). My AC drain was set improperly and i have a swamp on the side of the house. There quick fix was to run a pipe to the front yard. This caused the drain to back up and the AC to stop working because it was too long. Austin Air told me that they had already told Mainstreet how to fix this problem and they refused to. The majority of the homes in our community have this problem and none were fixed properly. The water does not drain away from the house and this can affect your foundation. When we laid down hard wood flooring we also discovered that the walls are uneven and not aligned. Do not buy a Mainstreet home. They are built with only the minimal qualifications to pass code.
When I search “Main Street Homes Review” in Google, the result is complaints and bad experiences from former clients…..not too good
.-= Rob@Mortgage Comparison´s last blog ..Where to Find Mortgage Comparison? =-.
This sounds good on the surface but perhaps it would be best to try and find some testimonials on those who have used this builder and form an opinion that way. Managing a home loan can be dubious enough without any promises falling through or worse the build not being as good as it might have been in the end. A home is for the long term so do the homework and see what other users have to say before you jump into a good promise.
That is an absolutely amazing deal. But the problem is when something seems too good to be true 9 times out of 10 it is. It would take me more than lenders saying the operation is “legit” to give me peace of mind before I invest my money into it.
I disagree James. Based on experience you have to pay twice on phantastic special deals like that. They will get their money or won’t be promissory