Easy steps to create your homebuying budget
StatePoint
One of the most important steps to take while house hunting is to create an intentional budget that accounts for both upfront costs and recurring expenses. Doing so will help you nd a home that meets both your lifestyle needs and nancial situation.
Here’s how:
1. Assess what you can afford:
A common way to generally estimate the price range of a home you can a ord is to multiply your annual gross income (what you earn before taxes) by three to ve, according to Fidelity. Understand that mortgage rates will have a big impact too. Lower rates can substantially increase your purchasing power. Lenders set an interest rate for each person based on several factors, such as credit score. A higher credit score could mean a lower interest rate or better loan term.
2. Account for upfront costs:
When budgeting, account for these one-time upfront costs you’ll pay a er your o er is accepted:
The downpayment: This is typically between 5% and 20% of the home’s purchase price. However, quali ed borrowers can put down as little as 3% with options such as Freddie Mac’s Home Possible or HomeOne mortgages. Both require private mortgage insurance, which is an additional expense to consider.
Earnest money deposit: Earnest money, also known as a good faith deposit, amounts to approximately 1%-2% of the purchase price of the home and is a sum you submit with your o er to show the seller you’re serious. During closing, the amount you pay in earnest money can be applied toward your down payment or closing costs.
Home inspection: The home
inspection, which will be your responsibility, typically costs between $300 and $450, according to recent estimates from Rocket Mortgage, and will tell you about the home and its potential issues. Your realtor should be able to recommend several wellquali ed inspectors.
Closing costs: Closing costs are what you will pay to the people representing your purchase, such as your lender and real estate agent. Also known as settlement fees, closing costs typically amount to 2% to 5% of the purchase price, and you may be able to roll them into your loan. Work with your lender to nd the approach that best ts your nancial situation.
Moving expenses: Whether you hire professional movers or DIY your move, online resources such as Realtor.com’s moving cost calculator can help you estimate potential costs. When hiring movers, get quotes to ensure you are getting a fair price and to avoid moving fraud.
3. Plan for ongoing expenses:
Once you’re in the home, you’ll be responsible for making monthly payments. These may include your mortgage principal, interest, property taxes, homeowners insurance, private mortgage insurance, escrow payments and homeowners association fees. Most lenders agree that you should spend no more than 30% of your gross monthly income on these expenses, though this number will depend on your nancial situation. You’ll also need to save for regular maintenance expenses, such as appliance upkeep.
4. Leave room for flexibility:
Be sure to factor in savings for repairs or replacements of big-ticket items, such as your roof or HVAC system. Such exibility in your budget can also
help you weather nancial emergencies, such as job loss, illness and other unexpected circumstances.
5. Use tools to guide your decision:
To help you answer the critical question of how much home you can a ord, use Freddie Mac’s home
a ordability calculator found at myhome.freddiemac.com. This free online resource also o ers a wealth of essential information to guide you at every stage of your home journey.
As you hunt for the home of your dreams, stay prepared and informed. One essential aspect of doing so is to set a realistic budget that accounts for the true costs of homeownership.
26.5% one year ago.
First-time buyers found slightly better a ordability circumstances compared to the prior quarter. For a typical starter home valued at $348,600 with a 10% down payment loan, the monthly mortgage payment declined to $2,083, down 0.9% from the previous quarter ($2,101). That was a decrease of $35, or 1.7%, from one year ago ($2,118).
First-time buyers typically spent 37.4%
of their family income on mortgage payments, down from 38.1% in the prior quarter.
A family needed a qualifying income of at least $100,000 to a ord a 10% down payment mortgage in 43.8% of markets, up from 42.5% in the previous quarter. Yet, a family needed a qualifying income of less than $50,000 to a ord a home in 2.2% of markets, identical to the prior quarter.
true if you love the great outdoors, one of its biggest highlights is the Cronan Ranch Regional Trails Park, a beautiful 1, 500-acre nature preserve lled with rolling meadows, oak-studded hills, and scenic trails leading to breathtaking views of the American River. A complete list of all home details and upgrades is available.
275 Tiger Lily Road, Pilot Hill
Residential Homes
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Information contained in Home Source MLS Listings are accessed each week, neither Home Source, Mt Democrat or McNaugthon Media /Publishing nor its authors guarantees the accuracy or completeness of any information published herein. Home Source, Mt Democrat or McNaugthon Media nor its authors shall be responsible for any errors, omissions, or claims for damages, including exemplary damages, arising out of use, or with regard to the accuracy or sufficiency of the information contained in Home Source. All rights reserved.
All properties are listed by price, address, acreage, listing number, and the Realtor’s office number. If you would like more information about a property, call the relevant office number for that listing.
12601 Residential Homes
Greater Cameron Park
$269,000
To find a property by geographic location, use the following reference table. Each category is separated by the zone number, type of real estate, and location in El Dorado County. Properties are sorted by price, in ascending value.
$424,000 3407 Bristol Ct 3 3 (3 0) 1200 0.18 224153769
$440,000
$539,900 3446 La Cienega Way 3 2 (2 0) 1515 0.29 225016873
$570,000 2541 Knollwood Dr 3 2 (2 0) 1492 0.74 225018737
$598,000 3630 Millbrae Rd 4 4 (4 0) 2536 0.31 224058162
12605 Latrobe, Shingle Springs South
12603 Shingle Springs
12701 Greater Placerville
12604 Rescue, Luneman
12702 El Dorado, Diamond Springs
12605 Latrobe, Shingle Springs South
12703 Pleasant Valley, Placerville South
12701 Greater Placerville
12704 Somerset, Mt. Aukum, South County
12702 El Dorado, Diamond Springs
12705 Coloma, Lotus
12703 Pleasant Valley, Placerville South
12706 Greenstone, Gold Hill West
12707 Mosquito, Swansboro
12704 Somerset, Mt. Aukum, South County
12705 Coloma, Lotus
12801 Camino, Cedar Grove
12802 Pollock Pines
12706 Greenstone, Gold Hill West
12803 American River Canyon
12707 Mosquito, Swansboro
12901 Georgetown, Garden Valley
12801 Camino, Cedar Grove
12902 Cool, Pilot Hill
12802 Pollock Pines
12803 American River Canyon
12901 Georgetown, Garden Valley
12902 Cool, Pilot Hill
12903 North County
Listed by Local Agents
This representation is based in whole or in part on data supplied by MetroList©. All information provided by seller/other sources has not been verified by broker. All interested persons should independently verify accuracy of above information. Copyright ©2002 – MetroList Services, Inc.
4004
$785,000 2987
12601 RESIDENTIAL HOMES GREATER CAMERON PARK
650000416Oeste 422600
$795,000 432 Syrah Ct 3 2 (2 0) 2117 0.13 225016688
PRICESTREETADDRESSBDBASFACLISTING#OFFICE #
$599,500 2435 Sandpiper Way 4 3 (2 1) 2096 0.25 225000205
650000420Oeste 422600
5399003580Archetto
30050838530-677-7801
30050824530-677-7801
$799,000 5510 Crimson Ct 3 3 (2 1) 2370 0.08 225015624
6500003617Ventana422600
$809,000 4107 Milano Ct 4 3 (3 0) 3292 0.3 225018400
2300003394Cimmarron219800.01850028867916-933-1400
6500003625Ventana422600
30050942530-677-7801
30050912530-677-7801
3220250.14050029654916-933-3998
5490003041Stanford 5230000.28050019188916-608-4563
5590003232Stonehurst3219580.16750016674916-879-0974
560000138Slate Ridge2226120.39650016111916-355-7000
5690003903Mossview4219300.26050027204916-939-5300
30050802530-677-7801
6500003637Ventana422600
50021477530-622-0131
$820,290 1556 Seneca Cir 4 3 (2 1) 2296 0.1383 224098418
2650003529Ross 221664
$625,000 3629 Cambridge Rd 3 4 (3 1) 2067 0.4 225009299
2799003293Amethyst211272
$630,000 3255 Topaz Ln 3 3 (3 0) 2176 0.08 225010432
2999003381La Canada321210
$630,000 3262 Country Club Dr 4 3 (2 1) 2184 0.36 224107330
3119002693Hopi 221376
$649,000 3397 Kimberly Rd 3 2 (2 0) 1756 0.47 225018905
3245003262Heights Drive221506
$649,000 2895 Knollwood Dr 4 3 (2 1) 2178 0.43 224125318
40074000530-677-7801
6500003638Ventana422600
$835,000 7010 Talmage Ct 4 3 (3 0) 2617 0.1 225004328
50014180916-933-4500
50028462916-452-4557
30050871530-677-7801
6750003621Foxmore4228130.64650002498916-933-8700
$838,000 7473 Grassy Creek Way 2 3 (2 1) 2329 0.16 225010628
50028808916-939-5300
$839,000 3075 Mission Canyon Dr 2 3 (2 1) 1977 0.17 225010948
3950002693La Canada321469 50015709530-672-4500
$685,000 3716 Toronto 3 3 (2 1) 1920 0.35 225010271
$844,474 8005 Fallview Way 2 2 (2 0) 2612 0.24 224132432
3970003141Modoc 3216330.33050015353530-676-8900
$799,000 3249 Salida Way 4 3 (2 1) 2142 0.32 225000290
$844,670 1548 Seneca Cir 4 3 (3 0) 2468 0.1383 225012415
4095002417Sandpiper3216000.20050031732530-676-2354
4200003097Cambridge322188 50011310530-672-4500
$849,000 3486 Montero Rd 4 3 (3 0) 2195 0.29 225015505
6900003329Covello 5327480.30050030434916-239-4200 6990004076Plateau4332220.24050018785530-676-8600 747700548Crazy Horse4228240.51040078954530-676-8600 7690003565Sudbury3346241.06050011648530-295-8440 7990003445Raben
$845,000 3126 Aldridge Way 4 3 (2 1) 2768 0.15 225000927
$848,000 3223 Haskell Way 4 3 (2 1) 2734 0.15 225010665
4390003427Oxford 3216220.33050019552530-676-8600
4399003200United 321536
$850,000 3379 E 3379 Cambridge Rd 3 3 (2 1) 2593 0.29 225016334
$869,000 3041 Twin Oaks Rd 3 3 (3 0) 2171 0.37 224121367
50024838530-677-7801
$849,510 6281 Ottawa 3 2 (2 0) 2437 0.2753 225010486
4480003750Sheridan3217220.30050024081530-626-3333
4540003577Christa 321705
$874,900 3107 Camerosa Cir 4 3 (3 0) 3095 0.29 224111323
50033872916-404-2900
3238000.23050026085916-965-3300 9600002521Greens Landing3235670.20040086632916-355-0202 9795003089Boeing 4444260.47950004750530-676-8600 12750004351McNeil 3226987.77050026561916-933-1400
$859,000 1534 Seneca Cir 3 3 (3 0) 1901 0.14 225009823
4655003451La Canada Dr.4219400.34050025853916-941-3830
$875,000 3530 Fairway Dr 3 3 (3 0) 2634 0.3 225011179
5750002056Bailey 3218670.50050029720916-774-6700
5750003015Merriam 4222000.30050026969530-676-2376
5790004655Tramezzo3222500.29350029366916-393-0825 5900005013Taylor 3326160.17450033305916-939-5300
595000216Knapp 4224010.19050018827916-355-0202
5990003585Park 4329990.28050014496530-672-4500
5999002085Moonstone4325800.33550029586916-933-1400
5999993200Stanford 3229270.40050023977916-933-4500
6000003065Birmingham4220180.29150032628916-933-8700
6190001157Oak Tree422559 40082036916-933-1400
6190006036Brogan 4224500.19250032887415-867-2675
629000506Prairie Falcon5333860.19150019418530-676-2376
12602
$860,000 3362 Archetto Dr 4 3 (2 1) 2864 0.29 225017100
5000002438Mellowdawn3220120.24050004250530-676-8600
$875,000 3530 Santos Cir 4 3 (3 0) 2651 0.42 224005025
$875,000 3693 Archetto Dr 3 3 (2 1) 2436 0.15 225016641
5100003623Kimberly4218660.34050023612530-676-8600
$899,000 3298 Veld Way 4 3 (3 0) 3243 0.24 225012698
$875,000 7061 Tarvisio Way 4 3 (2 1) 3111 0.17 225014634
5250003022Cayente4220880.18050018659530-672-4500
5390002535Country Club3324490.28050027400916-638-1177
$950,000 3900 Rustic Rd 5 3 (3 0) 3041 0.45 225016879
RESIDENTIAL HOMES EL DORADO HILLS
$875,000 3067 Beatty Dr 4 3 (3 0) 2683 0.1 225007413
$875,000 9017 Bronzewing Pl 4 3 (3 0) 2527 0.14 225001205
PRICESTREETADDRESSBDBASFACLISTING#OFFICE #
3190003903Hills 321475
6325001104Bevinger 3226590.21150027062916-939-6633
6350001636Daunting 4322850.15450022080530-672-4500
6350005049Mertola 332723 50014634916-939-5300
6450002290Summer 3327340.20150025702916-536-5200
6450005087Garlenda4327500.18150030695916-683-3250
648000515Borders 3224360.14050031968916-681-5112
5390003452Cambridge3220720.34050020234530-672-4500
5390003460Orinda 4225000.33050019758916-774-6700
$950,000 2565 Bertella Rd 4 3 (3 0) 3190 0.29 224132594
$998,000 3180 Woodleigh 4 2 (2 0) 2231 0.24 224153020
$875,000 202 Zenaida Ct
5395003742Cambridge3328600.30050018639530-676-8600
5590002837Maryetta3222640.75050011880530-676-9609
$999,000 3435 Cambridge Rd 4 3 (2 1) 3071 0.32 225004460
50019361916-355-7000 3990002530Starmount3211040.22650027011916-933-4500
4250003780Park 221610
$875,000 9031 Longford Way 5
5600002855Knollwood3324140.33050024612530-676-9609
$1,325,000 4701 Longview Rd 4 3 (2 1) 3181 5.31 225011353
225001094
50027819530-676-8600
224125918
4299003754Park 221761 50018714530-672-7300
$879,000 3309 Foxmore Ln 4 4 (3 1) 2972 0.28 224133699
$879,510 6271 Sw Ottawa 4 3 (3 0) 2513 0.2669 225018381
5640003635Larkspur3224000.25050017057530-672-4500
5699003115Camerosa4335150.28050012540530-676-8600
$1,549,000 3021 Robles Court 3 2 (2 0) 1334 10 225004313
$1,995,000 4560 Shingle Lime Mine Rd 3 4 (4 0) 3967 20 224113494
4590002509Willowdale3216440.21050024996916-941-6777
4920003384Alyssum 4320100.20050026339916-223-8889
6490002083Brook Mar4328080.30040082404916-933-1400
6490004213Weathervane4332290.24050022758916-941-9815
6490004556Dunnwood5331980.19850031461916-985-2255
6490006029Brogan 3226000.20450016813916-404-2900
6495003028Birmingham4224570.26850032447530-295-8440
6499003953Moraga 4327620.20050031755916-933-8700
50027290916-933-8700
4950003482Patterson321724
$885,000 1621 Daunting Dr 4 3 (2 1) 2981 0.18 225006946
499000604Guadalupe322100
50022167530-677-7801
6500003424Birmingham4223340.31250029475916-933-8700
5699503247rancho terra4220210.38250017066408-272-5109
5750003234Rancho Terra3220210.52850024391916-985-6380
$889,000 1633 Loma Verde Dr
5890002996Twin Oaks4328200.37050029534530-676-8600
$895,000 7045 Tarvisio Way
5990003611Ventana422595 30050993530-677-7801
4999001670Loma Verde3219970.25050014488916-933-8700
5090002101Wood Mar Drive3218260.30050029865916-941-6940
$899,900 4001 Ironwood Dr
5990003849Fairway3327370.34050015702916-771-9000
6499553273Oxford 3327220.44050006041530-676-8600
5149001630Wyndham3218490.28050033468916-939-5300
$899,950 6906 Saratoga Estates Dr 4 3 (2 1) 2296 0.1607 225013892
650000404Oeste 422600 30050755530-677-7801
5149002603Hoffman 3219570.30050028634916-404-2900
5149004025Ironwood421733 50016786916-933-8700
$899,999 609 Barranca Ct 5 3 (3 0) 3234 0.26 225014787
5395002643Riviera 3221240.42050028486916-404-2900
6550007157Cinnamon Teal5332510.19850001066916-933-4500
6699002513Lakeridge Oaks4325890.50050030411916-933-8700
6745003697Waldwick3223800.27650026012530-672-7300
6749501654Daunting 4229000.15550031792530-672-7300
6750004228Weathervane4332920.32950027910916-933-4500
6750006030Brogan 432990 50023624916-218-7500
$900,000 2724
$1,799,000 2040 W Green Springs Rd 4 4 (4 0) 9167 4.43 224152783
$1,870,000 683 Encina Dr 5 6 (3 3) 4168 0.33 224130673
$1,899,000 4181 Hawk View Rd 3 2 (2 0) 1430 9.37 224117881
$1,899,000 3350 Greenview 5 5 (4 1) 4889 0.45 224037717
$1,925,000 5531 Sur Mer Dr 4 4 (3 1) 4222 0.5 225004262
$2,195,000 6009 Aldea Dr 4 4 (3 1) 3835 0.56 225003890
$2,275,000 280 Powers Dr 4 5 (4 1) 5300 0.46 225004035
$2,275,000 3741 Greenview Dr 4 5 (4 1) 4766 0.48 224153782
$2,295,000 7488 Sangiovese Dr 4 5 (4 1) 5246 0.69 224083380
$2,339,900 4940 Greyson Creek Dr 3 5 (4 1) 3615 0.58 224131742
$2,395,000 7547 Sangiovese Dr 4 4 (3 1) 4024 0.61 225008832
$2,479,000 3944 Errante Dr 4 6 (4 2) 5272 0.55 224126838
$2,500,000 5021 Da Vinci Drive 4 5 (4 1) 3943 0.49 225001880
$2,589,000 5186 Breese Cir 4 6 (3 3) 5721 0.36 224088487
$2,595,000 280 Bronzino Ct 5 5 (3 2) 4239 0.63 224132098
$2,599,000 4185 Greenview Dr 5 5 (4 1) 5250 0.61 225003593
$2,950,000 4991 Greyson Creek Dr 5 6 (5 1) 4013 0.9 225017356
$3,099,000 5011 Greyson Creek Drive 4 6 (5 1) 4865 0.46 224152888
$3,199,000 200 Powers Dr 5 6 (4 2) 5705 0.73 225015345
$3,199,000 4901 Greyson Creek Dr 4 5 (4 1) 4398 0.49 224088836
$3,370,000 4160 Raphael Dr 5 7 (6 1) 5379 0.52 224131538
$3,499,000 6325 Western Sierra Way 5 6 (5 1) 4369 0.69 225001057
$3,575,000 4240 Raphael Dr 5 6 (5 1) 5319 0.54 224112589
$3,598,000 295 St Regis Ct 5 5 (4 1) 5071 0.59 224120522
$3,995,000 4200 Raphael Dr 5 7 (5 2) 6163 0.54 224131386
$4,350,000 500 Achilles Ct 4 4 (4 0) 4943 1.7 225003780
$4,750,000 1000 Aqua Haven Ct 4 6 (4 2) 6400 5.01 224094194
12603 Residential Homes
sHinGle sPrinGs
$375,000 3480 Joy Ln 2 2 (2 0) 840 1.92 225009451
$625,000 4580 French Creek 4 3 (2 1) 2170 1.11 225017312
$739,900 4121 Voyager Way 3 2 (2 0) 1748 5 225001950 $850,000 4601 El Caminito Rd 3 5 (4 1) 1908 1 224122028
$939,000 5176 Little Brush Ridge Rd 4 3 (2 1) 2700 5 225000253
$979,500 4460 Galaxy Ct 4 3 (3 0) 2772 1.18 225011554
$988,888 2231 French Creek Ct
$1,375,000 5700 Semor Dr 1 1 (1 0) 744 120 225002985
$1,375,000 5121 Old French Town 4 3 (3 0) 2532 10 225000928
$1,775,000 8109 Bridger Ln 4 4 (4 0) 3998 1.16 225000477
$1,775,000 8076 Bridger Ln 4 4 (3 1) 3922 1.06 224153666
$1,790,000 8118 Bridger Ln 4 4 (3 1) 4043 1 224153669
$1,899,000 4100 Black Oak Dr 5 6 (6 0) 5188 5 225006994
$2,000,000 5350-5352 Banbury Cross Rd 5 4 (3 1) 3315 40 225002701
12604 Residential Homes resCue/luneman PRICE STREET ADDRESS BD. BA. SF ACRES LISTING#
$ $375,000 1354 Lila Ln 2 1 (1 0) 648 0.51 224106605
$775,088 1401 Big Curve Ct 3 3 (3 0) 1825 5.02 225015656
$1,000,000 2700 Pawprint Path 3 2 (2 0)
12605 Residential Homes
latrobe/sHinGle sPrinGs
12701 Residential Homes Greater PlaCerville
$1,400,000
$1,554,630
$1,800,000 794 Kanaka Valley Rd 6 3 (3 0) 3777 10.83 225013928
$999,000 3825 Ethelon Pl 3 4 (3 1) 3265 25.01 224116357
$1,249,999 5205 Rooster Ln 2 2 (2 0) 1700 18.55 225004382
$1,350,000 7449 Fairplay Rd 2 2 (1 1) 3790 14 224025953
$1,374,999 4675 D Agostini Dr 4 4 (3 1) 4287 10.29 225005722
$1,425,000 7351 Fairplay Road 2 3 (2 1) 1204 10.22 224047032
$1,495,000 7201 Happy Valley Rd 3 3 (2 1) 2460 39.85 225015170
$1,495,000 8221 Stoney Creek Rd 1 1 (1 0) 990 39.61 222080803
$1,595,000 5150 Dagostini 3 4 (4 0) 3851 12.33 225003331
$1,999,000 7531 Fairplay Rd 4 3 (3 0) 3468 93 225000129
$5,450,000 1992-2000 Rabbit Ridge 3 10 (6 4) 4750 302 224005614
$5,500,000 8054 Fairplay Road 1 2 (2 0) 650 67.6 225012950
12705 Residential Homes
Coloma, lotus
PRICE
$569,000 4891 Heavens Ct 3 2 (2 0) 1520 5.06 224129245
$1,750,000 1212 Serenity Ln 3 4 (3 1) 3775 20.03 224091909
12706 Residential Homes
Greenstone, GolD Hill West
$575,000 7110 Shady Ln 3
12707 Residential Homes mosquito, sWansboro
1617 3.52 225009021 $630,000 2721 Dyer Way 3 2 (2 0) 1334 4.45 224132101 $775,000 2732 Shilo Dr 3 3 (2 1) 2072 4.03 225016425 $799,900 3151 Dyer
12801 Residential Homes
Camino, CeDar Grove
12802 Residential Homes PolloCk Pines
$465,000 5834 Fallen
$475,000 2900 Shady Ln
$475,000 6676
12803 Residential Homes
NMLS #705400. Licensed by the Department of Business Oversight under the California Finance Lenders law - #6073455. CA Department of Business Oversight - 866-275-2677. California - Bureau of Real Estate Branch Of ce License Endorsement #00988341 1-2025
painted and has Lots of light through the dual pane windows. There is also a large Family room that would make a perfect in-law quarters. Sitting on a hilltop of mostly level land, it has a small shop, R. V. carport and a small barn that would be perfect for goats or chickens. Only 5 minutes from the freeway. Priced to sell quickly.
POLLOCK PINES $499,900
Highspeed internet, beautiful views from the dining room and from the top balcony. The upstairs bathroom has a skylight directly into the shower. 2 car detached garage/workshop w/upstairs studio apartment that has a full bath, living area & kitchenette. The original owner replaced the decks and siding, which is now fire retardant Hardi-board. The main floor features a country Kitchen, Large Living room with hardwood floors, Master bedroom, Full Bath and oversized laundry room with a new sink and plenty of room for a Freezer, and extra storage. Upstairs is another full bath with two good sized separate bedrooms with built-in drawers and closet space. The home is only 5 minutes from the town of Pollock Pines, and 10 minutes to the Beautiful Sly Park Lake, and recreation area. Fish, waterski, and enjoy this awesome Alpine lake. It’s close to everything but feels a million miles away. Do not miss your chance to own your own private forest! NO Drive-Bys Please