Century21 Select – Serving Stanislaus, San Joaquin & Merced Counties. DRE #01225017.
Featured Homes for Sale listed by Clarence Oliveira
Hard To Find!! Almost 10 Acres in Turlock. Small Ranchette using the existing Home of 990sf with 2 bedrooms and 1 full bath for an ADU unit and then BUILD your dream home along Christofferson Road. TID Dirt, TID Water, and TID Power.. what a great combination. Close to Hilmar Town and Schools.
$159,900 – Hilmar Senior Community!! Very Nice Open Floor Plan with Formal Dining Room and Office/Den. This 1344sf unit has 2 Bedrooms and 2 Full Baths. Newer Roof, Newer Windows, and Newer Paint. The Kitchen and laundry Area is very Cute and Practical. Large Master Suite with a Big Closet and Big Shower Stall. It is very Clean and Ready to move into. One Car Carport.
$2,300,000 Great Investment Opportunity in Ceres!! Approx. 7.54 Acres along Highway 99 Exposure with Future Highway Commercial uses… Located at Rohde (Frontage Road) and Redwood off the Highly used Mitchell Exit. This Frontage property has over 600 feet of Visibility and Exposure to Highway 99. Many New Commercial Businesses at the Mitchell Exit with a new 4-Lane Roadway being Constructed. Furthermore, there are Proposed and Future expansions of this Roadway at Rohde Road (Frontage) and Redwood. The Current Dwelling is 1600sf 3/2 (Rented at $2000/mo). A Must See!
$769,900 – One of a Kind!! Fairway Court Near the Turlock Country Club. Single Story, Custom Home, at the End of a Court. Feels like a Residential Home with a Country Atmosphere. Completely Remodeled with New Features from TOP to Bottom. Since 2014 the owners have spent $$$$ from Window to HVAC System, from Stucco to Insulation, including Plumbing, Electrical, and the 100-year Roof. Everything within this Home is done with Charm and Detail. Open Floor Plan with a Great Room Concept. Over 2200sf Home with 0.33 of An Acre Lot. 3 Bedrooms with 3 Full Baths with Media/Enormous Office. Newer Remodeled Kitchen, Bathrooms, Laundry, and More. Hardwood floors throughout, New Carpet, New Paint, New Light, New Interior Doors, New Hardware, SS Appliances, New Cabinetry, Marble detail, Granite Detail, and Sheetrock Imperfect Finishes. Outdoor Living Space with Outside Kitchen Area done in 2020-2021. Furthermore, the Built-in Pool was Plastered and a New Concrete Deck in 2019. Three Car Garage with New Garage Insulated Doors, Openers, and Cabinets. Private side gate for Boat/RV Access. New Front and Back Landscaping Areas with New Concrete Walkways, Driveways, Trees, and Shrubs. A Must See!!
$1,650,000 – Hilmar Beverly Hills!!! This is a Custom Home on Riverside. Brand New Construction Home with Young Independence Almond trees. This Home takes you to another Setting with its Long Driveway and its Private Views. Big Front Porch with 800+sf Back Patio and designed in Wood Detail to Create an Outdoor Living Space. Super Efficient Energy Home with Solar-Owned on the Roof. Over 3000sf with 4 Bedrooms and 3.5 Baths, Movie Theater Room, Office, & 3 Car garage. Gourmet Kitchen with Leathered Granite, Commercial Appliances, Huge Pantry, Designer Coffee Bar, and More. The Master Suite is defined by Style, Windows, and a Center-pieced Copper Tub in the Master Bath accompanied by a Large Walk-in Closet and Shower Stall. Vaulted Family Room with Wood Ceilings, Fireplace, and the Cozy View of Lands. Front Office off the Grand Entrance. There’s a Junior Suite with Full Bathroom (Shower Stall). All Bedrooms have Walk-in Closets. Almonds are 7th leaf on 21×16 Spacing, Double Line Drip that is Powered by either 75hp Ag Well or TID Surface Water. Class 1 Soils. A Must See!!
Coffee in the Mornings on the Front Porch… and Evening Wine on the Back Patio… Turlock Family Home. This 4 bedroom offers 2274sf of Family, Living, and Dining Areas. Nice Kitchen with Dining Bar, Nook, and Formal Dining area. Fireplace in Family area. Inside Laundry, 2 Car Garage, and on a Corner Lot. Newer Roof, Newer Gutters, Newer Floors, Newer SS appliances, Newer Hardware, Newer Lights, Newer Plumbing Fixtures including Shower Doors, and Newer Paint. The backyard has a nice patio area. A Must See!
If you’re preparing to buy a home in the future, you likely have a laundry list of things you need to do to get ready — and that includes getting your finances in tip-top shape.
Aside from double-checking your credit score and credit report and making sure you have enough money saved up to purchase in your desired market, you should also consider the ways your current debt balance might affect your ability to buy a home.
Having some debt on your credit report is still really important because lenders need “clues” about how good you are at managing different forms of debt. So having a student loan that you paid off on your credit report can be a green flag to lenders.
Or, maybe you’ve been managing two credit cards really well over the last five years; this is another positive trade line that will show up on your credit report and help you appear less risky as a borrower.
If you don’t have any history of managing debt — even one credit card — lenders may not feel comfortable giving you such a large loan because you lack those clues about your debt management habits.
Healthy debt management habits can set you up to have an easier time getting approved for your home loan. Not only do you have a history of managing debt, but you also have clues that point to positive management habits — and that can be reflected in your credit score.
Most mortgage lenders look for a credit score of at least 620. Some lenders, like Rocket Mortgage, may still consider applicants who have credit scores of at least 580 for some home loans. But the higher your credit score, the lower your mortgage interest rate will be. That’s why working to improve your credit score before you apply can work to your advantage.
Payment history makes up 35% of your credit score. So just by consistently making your credit card, auto loan, and other payments every month, you’re contributing to improving your credit score. Likewise, if you were to miss a payment, this could have a big impact on your credit score.
The amount of money you owe is the second most important factor in determining your credit score (it makes up 30% of your score). This is usually a measure of your credit utilization, which is the amount of money you owe in relation to your total credit limit. Experts typically recommend keeping your credit utilization below 30%.
So if you have $5,000 as a total credit limit and owe $2,500, your credit utilization is 50% and it would be a good idea to continue making payments so you can lower your utilization.
Because of that credit utilization rate, carrying too much debt could drag down your credit score. Coming close to maxing out your available credit makes lenders think that you’re spending beyond your means and would therefore be a risky borrower.
One criteria mortgage lenders assess when reviewing your home loan application is known as the debt-to-income ratio. Your debt-to-income ratio is a comparison of how much you owe to how much money you earn. Your gross income (pre-tax income) is used to measure this number.
A lower debt-to-income ratio suggests that you have a healthy balance between debt and income. However, a higher debt-to-income ratio suggests that too much of your income is going toward paying down debt, and this will make a mortgage lender see you as a risky borrower.
According to a breakdown from The Mortgage Reports, a debt-to-income ratio of no more than 43% is considered good; a ratio closer to 45% might be acceptable depending on the loan you apply for, but a ratio that’s 50% or higher can raise some eyebrows.
A higher debt-to-income ratio could make you unable to be approved for some home loan programs with attractive features, like lower down payment minimums. For instance, the HomeReady loan program from Ally Bank requires applicants to have a debt-to-income ratio of no more than 50%, among other criteria.
If you want to calculate your debt-to-income ratio, here’s what you do: Add up all your monthly debt payments, which include credit card payments, student loan payments, and payments to any other lines of credit you may have. Then Divide this number by your gross income amount. The result is your debt-to-income ratio.
If you have an unhealthy amount of debt and are preparing to get a mortgage, consider these strategies to consolidate and pay down your debt.
The debt snowball method is one debt management method where you focus on eliminating the smallest debt balance first while paying just the minimum on all your other debts. On the other hand, the debt avalanche method involves eliminating your highest-interest debt first. Both methods can be instrumental in helping you crush your debt balance in a more organized way.
Debt consolidation is another popular method for paying down debt if you carry balances on multiple credit cards or have multiple loans. Essentially, you’ll apply for a personal loan that’s enough to cover the total amount of debt on all your credit cards. Then, once you’re approved, the lender sends the funding amount to your creditors, which pays off your credit cards. From there, you’ll just have to pay back the personal loan you borrowed.
This method can potentially help you save on interest since personal loan lenders typically offer much lower interest rates compared to credit card issuers. The Happy Money personal loan is one of the best debt consolidation loans out there since this lender will send your funds directly to creditors.
Balance transfer credit cards with a 0% intro APR period are another useful option for getting rid of debt since these credit cards allow you to make interest-free monthly payments for a limited time. Interest charges can eat into your monthly payments and make it feel like your balance is barely going down. With this method, you basically transfer the balance of your current credit card onto a new credit card and you try to pay off the balance before the interest-free period is over.
The Citi® Diamond Preferred® Card offers an intro APR period of 0% for 21 months on balance transfers (after, the 18.24% – 28.99% variable). So you’ll basically have almost two years to make interest-free credit card payments. Just keep in mind that you’ll have to pay a 5% transfer fee on each balance that you transfer ($5 minimum). Balance transfers must be completed within 4 months of account opening.
The Wells Fargo Reflect® Card also offers an intro APR period of 0% for 21 months from account opening on purchases and qualifying balance transfers (after, 18.24%, 24.74%, or 29.99% variable). Balance transfers made within 120 days from account opening qualify for the intro rate, BT fee of 5%, min $5.
Having experience managing debt in a healthy manner can help you get approved for a mortgage, but the key here is to make sure you’re practicing positive habits with your debt. Continue making on-time monthly payments toward your debts, don’t let your credit utilization rate get too high, and be wary of the amount of debt you have in relation to how much you earn.
Source: cnbc.com ~ By: Jasmin Suknanan ~ Image: Canva Pro
$699,900 – 3.4 Acre Denair Ranchette!! Approx. 2270sf Ranch Home with 3 Bedrooms and 3 Full Baths. Newer Roof, Large Front Yard, and Right on the EDGE of This Country Town. Large, Open Family Home with Big Kitchen, Dining Area, and Family Areas. Built-in Pool in the Fenced Backyard that Has Concrete Areas to Entertain. TID Irrigation with Pipeline and Gates, Perfect to Setup for a Horse Ranch or Small Farm. This Property Backs up to the TID Main Canal. The Master Suite Has A Walk-in Closet and a Sun Room. A Must See!
$3,850,000 – 97 Acre Modesto Dairy!! Permitted for 920 animals plus 300 support stock. Newer Milk Parlor of a Double 15 Parallel Barn, Newer Calves Barn and Hutch Setup, New Lagoon that has a Rubber Liner, Newer Ice Machines, Newer 400amp Service Panel. Newer Barn with 470 Free-stall Beds. Extremely Fertile River Ground-Approx. 60 acres Farmable with MID Water District. Newer Ag Well Developed to Approx. 750gpm. Approx. 1943sf Main House was Remodeled 4 Bedrooms and 2 full baths with Pool a newer HVAC system. Remodeled 1293sf Second Home of 3 Bedroom & 2 Bath Newer HVAC. Newer Dairy Equipment. Office. Metal Shop. A Must See!!
$1,900,000 – West Modesto with MID Flood Water…. 29 Acres of Almonds. Planted in 2011… Varieties are Nonpariel-50%, Fritz-25%, & Aldrich-25%. Nemagard Root Stock. Currently on a Blue Diamond Contract. The Single Family Dwelling is Approx. 2152sf with 2 units. (3/1 in the main, 2/1 on the secondary unit), HVAC systems, Updated and Remodeled. Large Residential yard with Fruit Trees and Storage Areas. Metal building of 75×40 that consists of 2 Bay Carport, Studio Apartment with Kitchen and Bathroom, and Storage Room. 2 Stall Horse Barn, Wash Rack, and Tac Room. The Last 5- Years of Almond Production averaged at 2973 pounds per acre.