REAL ESTATEHERITAGE HOUSE

YUBA-SUTTER JULY 2010

YUBA CITY • MARYSVILLE • PLUMAS LAKE • LIVE OAK • SUTTER • LOMA RICA

Home Buyers Benefit as Mortgage Rates Hit New Low.For those who can qualify, it’s one of the best times to get a mortgage.Last week, rates for 30-year fixed-rate loans dropped to 4.57 percent, the lowest level on records dating back to 1971, Freddie Mac said.And for some who missed out on the government’s home buying tax credit, the rates may more than make up for that lost $8,000.“A tax credit is immediate gratifica-tion,” said Leonard Baron, a professor of finance at San Diego State Univer-sity, “but long-term, with rates this low, you can get much more value.”But which loan is right for you? The mortgage game has changed since the

housing bust and more rules have been and are being added. One factor is for sure now: Your credit score should be at least 620 or you’ll have a hard time finding a loan. What varies is how much you have for a down payment.Buyer No. 1: You have a 20-percent down payment and expect to retire in the house.— Take out a 30-year fixed-rate loan, the most popular type of mortgage. The interest rate stays the same over the life of the loan and right now, that rate is at historical lows. “This loan is for some-one interested in stability and security,” said John Stearns, mortgage banker at American Fidelity Mortgage Services Inc. in Mequon, WC.Buyer No. 2: You have a 20-percent down payment, but plan to move into another home down the road.— Consider a five-, seven- or 10-year adjustable-rate loan, which has a fixed

rate for a set period and then adjusts higher after that time. These loans carry a lower initial interest rate than the 30-year fixed-rate, so you save money over the fixed-rate period. After the fixed-rate period ends, borrowers typically refinance into an-other loan to avoid the adjustable rate.Rates on five-year adjustable-rate mort-gages averaged 3.75 percent this week. That was the lowest on Freddie Mac’s records, which date back to January 2005.To read the full article go to our web-site at www.yubasuttercahomes.com.

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SAT 12 PM TO 2 PM8267 BAILEY RD . Country property on .81 acres. Homes has 3 BD, 4 BA, 2848 SF. Take Hwy 99 South, R on Hwy 113, Left on Bailey Rd. Hosted by: Manjit Bhungal

SAT 11 AM TO 1 PM1841 STABLER PARK DR. Lovely 3 BD, 2 BA. North on Stabler, R on Tres Picos, L on Stabler Park. Hosted by: Greg Quilty

CALIFORNIA TAX CREDITIs still available.

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Call it home. 3 BD, 2 BA with nice open floor plan. Kitchen has tile counters and pantry. Great home for the price. Reduced to $149,900. (LG 1325)

A Stones throw from Collins Lake. Home was a former model home with 3 BD, 2 BA on 5.1 acres. Nice pastures for horses. Large patio out back. Detached 2 car garage. $279,000 (WG 13829)

Beautiful Spanish Colonial home located on the Sacramento River in Colusa. 4 BD, 2.5 BA, 3000 SF with Guest quarters on 2.1 acres of mature landscaping. Asking $595,000 (BS 3329)

COLUSA BROWNS VALLEYPLUMAS LAKE

Not a short sale or bank owned. Wonderful country home in Gridley on 1.01 acres. Home has 4 BD, 3 BA, 3498 SF. Nice pool in back yard. Asking $495,000 (G 409)

Nice home with 4 BD, 2 BA righ across from Lincrest School. playground. Formal living room, new appliances in kitchen. Asking $159,900. (T1166).

Charming home with lots of potential. Hardwood flooring throughout home. 3 BD, 1 BA, 1100 SF. Garage has been converted into room. Detached garage in back of house. $119,000 (M 21)

YUbA CITY YUbA CITYGRIDLEY

Three acre lot in Yuba City. Take advantage of this great time to build your dream home. Enjoy the perfect mix of country and city life. Owner motivated and will look at all offers. $299,000 (S 683)

Custom home built on 2 acres with many upgrades. 3 BD, 2.5 BA, 2468 SF with two large 2 car garages. Separate workshop/office. Asking $419,000 (T 11178)

Wonderful 3 BD, 2.5 BA home in an established neighborhood with mature trees. Covered patio and arbor for entertaining. NOT a short sale or bank owned!Asking $205,000 (E 1751)

YUbA CITY LIVE OAKYUbA CITY

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GORGEOUS HOME!!! CLOSE TO BEALE AIR FORCE BASE! 1591 THREE RIVERS, EDGEWATER. 4 BD, 3 BA, 2200 SF. This Beautiful House has Natural Stone Floors and Carpet, Custom Paint, Family Room with fireplace.

NICE HOUSE QUIET NEIGHBORHOOD!!! WALKING DISTANCE TO PARK!!! 815 KELLI DR, YUBA CITY. New carpet, fresh Paint, this beautiful house Has a, Family Room w/Fireplace, Living Room.

NEWER TWO STORY HOME!! 261 SHANGHAI BEND, YUBA CITY. 3 BD, 2.5 BA, 2000 SF. Great living Room w/High Ceilings and fireplace Dining Room, Carpet and Tile Floors, Tile Counter tops and a 2 Car Garage.

Coming Soon!

COMPLETELY REFURBISHED! EVERYTHING IS NEW. 2621 KOLA ST., LIVE OAK. New kitchen, bathroom, carpet and paint. Home has 3 BD, 1 BA and large backyard.

Properties for Rent 955 Clark Avenue,Yuba City (530) 673-8696

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COLDWELL BANKER HERITAGE HOUSE AGENTS

Three residential homes all recently remodeled inside and out. A double wide mobile home, two street frontage homes, and two nice shops on property. All units are currently rented. $429,000 (H 1382)

Stunning home on 1.3 acres in Yuba City. Studded with mature trees including small orchard, gated garden area, pool with pool house. Home has 5 BD, 4+ BA, 5400 SF. Asking $854,900 (R 1535).

Beautiful Loma Rica Property on 5.51 acres. Property has 6 fenced and crossed pastures with pressurized irrigation. Nice home with 3 BD, 2 BA, 1500 SF. Only 10 minutes from Collins Lake. $259,900 (LR 11716)

LOMA RICA YUbA CITYYUbA CITY

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