Issue link: https://www.ifoldsflip.com/i/1393922
highschoolwhosefirst phasewillopenin2023. RiverIslandstoday countsamongitsameni- ties13lakes,atrailalong theSanJoaquinRiver, theprivateIslanders Fieldbaseballstadium, thelakesideBoathouse restaurant,parks,play- ingfieldsandopen space.ATownCenter withretailandrestau- rantsiscurrentlybeing designed.Thecommu- nityhasaFireStation, alreadyinservice,and apoliceadministrative headquartersbuildingis underconstruction. Inthefuture,River Islandswilladdtoitsex- istingplan13morelakes, foratotalof26lakes throughoutthecommu- nity.Fourmoreschools willbebuilt.Asecond downtownareawillbe developed.Thetrailsys- temwillextendover18 miles,ringingtheentire communityandoffering pedestrianbridgesover majorintersections. Moresportsparks, communityparksand neighborhoodparks willbeaddedtothe plan,totaling160acres. Overall,approximately 40%ofRiverIslands' totalacreagewillcon- sistofopenspace. Therearecurrently nineneighborhoods beingofferedatRiver Islands,someofthem intheirearlypreview salesperiodandsome nearingsellout.Inad- dition,anumberofall- newneighborhoodswill beopeningalmostevery monthbetweennow andtheendoftheyear. Thisweekend,Sig- natureHomeswillstart apreviewshowingof itshomedesignsand elevationsforCardiff. Thisnewneighborhood featuresthreedifferent two-storyplans,allof- feringfivebedrooms. Sizesrangefrom3,261 squarefeetto3,677 squarefeet,withsuch exceptionalfeaturesas bonusrooms,tech/flex roomsandindoor-out- doorCaliforniaRooms. Saleswillbeginduring thepreviewshowing, andmodelswillbe completedinOcto- ber.SignatureHomes isafamiliarnameto BayAreabuyers,hav- ingbuiltmanyofthe area'smostappealing neighborhoodssinceits foundingin1983. TheWelcomeCen- teratRiverIslandshas reopened,andisopen dailyexceptMondays fromnoonto5p.m.It islocatedatthecorner ofRiverIslandsPark- wayandSomerston Parkway.Pricelists, tourmapsandlistsof alloftheneighbor- hoodsareavailable there.Mostofthesales officesarestillopen onlybyappointment; forcontactinforma- tionfortheindividual neighborhoods,goto RiverIslands.com. Contentprovidedby RiverIslands RiverIslands frompage1 A VA home loan offers several benefits to those who have served our country ByErikJ.Martin CTWFEATURES Active-dutyservice membersandveterans arerightfullyentitled tosomesweetperks, includingVAhealth carebenefits,disability compensation,covered tuition,discountson food,entertainment, andvariousservices, andmore.Butoneof thebiggestbenefitsof havingwornamilitary uniformistheabilityto qualifyforaVAhome loan:probablythe mostgenerousmort- gagefinancingoption thatexistsanywherein America. First,considerthat aVAhomeloandoesn't requireadownpayment ormortgageinsurance —twofewerhurdles toclearwhenpursuing homeownership. "Borrowerscanfi- nanceupto100percent ofthepurchaseprice. Plus,theinterestrates chargedforVAloans areusuallylowerthan conventionalloans," saysTomTrott,branch managerwithEmbrace HomeLoansinFreder- ick,Maryland. Indeed,theability toholdontoyourdol- larswithouthavingto putanythingdown"can setamilitaryfamilyup forlong-termstability," saysColinRobertson,a RealtorwithColdwell BankerRealtyinSan Diego."Thisisjustone majorexampleofhow theVAloanisanamaz- ingresourcethatpro- videsthosewhoserved ournationwiththeop- portunitytopurchasea home." Additionally,your financialhealthdoesn't havetobepristine whenapplyingforthis loan. "ForVAfinancing, yourdebt-to-income ratio(DTI),whichis calculatedbydivid- ingyourtotalmonthly debtpaymentsbyyour monthlyincomegross, canbeashighas60%, althoughmanylenders preferaDTIof41%," notesBradJones,chief marketingofficerfor Newrez,anational mortgagelendingand servicingorganization basedinFortWash- ington,Pennsylvania. "Also,whilesomelend- ersrequireacertain creditscoretoqualify, theVAdoesnotseta minimumcreditscore threshold.We,forex- ample,allowcredit scoresaslowas580." Moresimplyput,it's downrighteasiertoget approvedforaVAloan thanmanyothertypes ofloans. Butcaveatsapply,of course. "VAloansarere- servedexclusivelyfor veterans,active-duty personnel,reserv- ists,NationalGuard members,and,in somecases,surviving spouses,"Jonesex- plains."Thegoodnews isthat,ifyoufitthese criteriaandalready ownahome,youcan alternativelypursuea VArefinanceloan." Notethat,toensure youreligibilityfora VApurchaseorrefi loan,youmustobtain specificdocumentation —calledaCertificate ofEligibility(COE) —issuedbytheVA. Servicerequirements forobtainingaCOE includeaveteranwho served181daysduring peacetimeor90days duringwartime(active- duty);thosewhoserved atleastsixyearsinthe NationalGuardorre- serves;thosecurrently onactivedutywho haveservedatleast90 continuousdays;those dischargedfromthe militaryduetohard- ship;andun-remarried spousesofveteranswho diedwhileinservice orfromaservice-con- necteddisability. "Onedisadvantage oftheVAloanisthat youarerequiredtopay afundingfeeunless youhaveaservice- connecteddisability orareanactive-duty PurpleHeartrecipient," saysCierraJones,vet- eranslendingspecialist withMichelleFinancial GroupinMcLean,Vir- ginia.ShesaystheVA fundingfeecurrently equatesto2.3%of theloanamountbor- rowed,whichcanspike to3.6%forborrowers whohaveusedtheVA loanprograminthe past(unlesstheymake aminimum5%down paymentatclosing). Anotherdrawback isthelackofawareness andassumptionsabout thisloan. "Somesellersand realestateagentsthink itwillbemoredifficult tocompleteahome purchasewithaVA loan.Buthavingcom- pletedmanyVAloan transactionsinmyca- reer,therealityisthatit isaverysimilarprocess tothetraditionaltypes ofmortgageloansout there,"Robertsonsays. Beawarethatthe VAitselfdoesn'tser- vicetheloanorissue loanfunds;instead,the moneyisprovidedbya participatinglender. "TofindagoodVA mortgagelender,ask forareferralfromyour realestateagentor financialplanner.Try togetthenamesofat leastacoupleoflend- ers;callthemanddoa Googlesearchtofind onlinereviews.Inthis challenginghousing market,it'simportant toaimforalocallender youcantrust,"Trott suggests. Welcome to Ellis, a new master- planned community now selling in Tracy. Explore family-friendly neighborhoods paired with a modern lifestyle, featuring out- door social spaces and play- groundsplusaplanneddogpark, aquatic park and on-site market- place with shopping and din- ing. Open by appointment only! BerkshireandZephyrarelocated at 2275 Augusta Ave., Tracy, CA 95377.Follow@LiveAtEllisonFa- cebook and Instagram for news andupdates. 57TRACY ELLIS NewHomesfromthe$700,000s (877) 321-0595 EllisTracy.com 37.703167 -121.43 37.703167 -121.4602358 Welcome to Bristowe - the newest addition to the North Village mas- ter planned community! Bristowe at North Village features single and two story homes ranging in size from approximately 1,815- 3,344 sq. ft. four different floor plans offer 4-5 bedrooms, 2-4.5 bathrooms, and room options to customize your new home. North Village is close to com- mute routes, shopping, schools, and recreation. Find your dream home at Bristowe at NorthVillage! Located at 225 Gannet Street, Va- caville, CA 95688. No waitlist!* (*certain floorplans may be excluded.) 58 VACAVILLE BRISTOWE AT NORTH VILLAGE From the Low $700,000s (707) 474-9918 seenohomes.com 38.395 -121.912 38.404942 -121.942882 Riverchase is a new home com- munity in West Sacramento, featuring a collection of 222 two story contemporary homes wrapped around a private, central park. Homes range in size from 1,559 to 1,835 sq. ft. Riverchase offers close proximity to down- town with the comfort and peace of mind of a quiet suburb. Call to schedule a private walk through. Located at 3131 Bobwhite Court in West Sacramento. 59 WEST SACRAMENTO RIVERCHASE From the High $400,000s (916) 462-6888 Riverchase.net 38.5432001 -121.5764771 38.5432001 -121.5764771 Welcome to The Tides at Newport, West Sacramento's premier new home community. Find spacious two-story homes ranging in size from approxi- mately 2,377-2,812 sq. ft., with 4-5 bedrooms and 2.5-4 bathrooms. En- joy an ideal setting just minutes from downtown Sacramento, the Sacra- mento River, and the American River. Shopping and dining are just a short walk away at the Southport Town Center, including a Nugget Market. The Tides at Newport is located off I-80 at Lake Washington Blvd. Open daily 10AM-6PM No waitlist!* (*certain floorplans may be excluded.) 60 WEST SACRAMENTO THE TIDES AT NEWPORT From the Mid $700,000s (916) 572-0636 seenohomes.com 38.55164 -121.5328637 38.55164 -121.5328637 This beautiful new community located in the charming town of Woodland offers 4 floorplans featuring 1,702 – 2,607 sq. ft., 2-5 bedrooms, and 2-3.5 bathrooms. This Pines is in a great location near parks and walking trails. Small town charm of Woodland but convenient location near Hwy 113 and Interstate 5 for an easy commute to Davis and downtown Sacramento. Great schools. Open to tour by private appointment. 61 WOODLAND THE PINES AT SPRING LAKE From the Mid $500,000s (866) 778-0960 WoodsideHomes.com/norcal 38.660 -121.723 38.657468 -121.751457 Reservedfor your New Home C ommunity . ContactSandyLekat slek@bayareanewsgroup.com Over 21 yearsexperience and 5star Yelp reviews BayviewResidential Mortgage 51E.Campbell ave #110 Campbell,CA95008 CABrokerDRE#01498198/ NMLS#329189 Call today for rate quote! RobHeath 408-482-8080 CA DRE#01241953/NMLS#319548 Apply at my personal secure loan application at www.excellentmortgageloan.com Product Rate Points Fees % Down APR 30 Yr Conf. Fixed 15 Yr Fixed 5 Yr Jumbo ARM 30 Yr Conf. Jumbo 3.125 2.75% 3.25 3.50 0.000 0.000 0.000 0.000 $0 $0 $0 $0 20% 20% 20% 30% 3.125% 2.75% 3.67% 3.50% JUMBO REVERSE MTG, 5* Yelp reviews. NO CLOSING COST LOANS are available. 3.125% 30yr Conf Fixed 2.875% $0UW $0UW $0UW $0UW 2.875% 2.75% 2.875% 3.375% 0.00 2.125% 2.125% 40% 20 Yr. Conf. Jumbo 15 YrConf. Fixed 30Yr FixedAPR 2.875% 40% 40% 2.75% Product Rate Points Fees % Down APR 2.875% 30 Yr Fixed APR Reverse Mortgages Available up to $3 million H6 BAYAREANEWSGROUP 111 Homes | Advertising Section