Are you searching for a new, affordable home in or around Fresno? The recent improvements in the national and local economy, plus higher builder confidence in the market, has paved the way for developers to create new communities, making this an exciting time to be a home buyer in the Fresno area! In today’s post, we’ll explore some of these new home communities and offer insight into different financing options that may be available.
Let’s get started by looking at one of the hottest new Fresno communities to come on the scene, The Laurels.
“Simple serenity and distinctive home designs combine in this attractive community.”
Location: 6701 E Lansing Way, Fresno, CA 93727
Phone: (559) 994-6567
Pricing: From the low $300,000’s
The Laurels is a new Fresno community that features an array of amenities in a fantastic location. Residents can enjoy quick and easy access to the Sierra Bicentennial Park, Millerton Lake, GB3 Fitness Center, Wild Water Adventure Park, and more. Plus, with award-winning schools nearby, The Laurels makes a terrific place to raise a family.
NOTE: The Laurels has become so popular, that the community is now SOLD OUT except for their two fully decorated model homes: The Radcliffe and Lexington.
Another great Fresno community, Via Fiore at Copper River Ranch, features a wide variety of home designs, with most featuring eco-friendly construction and/or amenities.
Via Fiore at Copper River Ranch
“Via Fiore is Granville’s newest neighborhood, located at the north end of Copper River Ranch.”
Location: 1607 E. Benvenuto Drive, Fresno, CA 93730
Phone: (559) 440-8370
Pricing: Starting at $349,950
Builder: Granville Homes
Granville Homes boasts Via Fiore as the “pinnacle of affordable luxury.” We can see why, with golf course lots, grand floor plans, and what seems like endless community amenities. Homeowners here can enjoy more than eight miles of walking trails, breathtaking views of the San Joaquin River and Bluffs, easy access to fitness, recreation, shopping, and dining venues, membership to the Copper River Country Club, which grants access to the club’s many amenities including an Olympic-sized pool, tennis facilities, and of course the renowned Copper River Golf Course.
Here’s yet another wonderful (and very affordable) new home community in Fresno: Liberty Square
“Casual, comfortable single and two-story homes designed to fit every stage of life, with low maintenance yards that capture the essence of today’s lifestyles.”
Location: 7020 N. Van Ness Blvd., Fresno, CA 93711
Phone: (559) 256-7010
Pricing: Starting in the low $200,000s
Builder: McCaffrey Homes
If you’re looking for a real bargain when it comes to new homes in Fresno, the Liberty Square community is tough to beat. With homes starting in the low $200,000s homeowners here can enjoy casual comfort with modern amenities. Located just east of Highway 99 and across from Central Unified’s River Bluff Elementary and Rio Vista Middle School, this community is a popular choice among parents and young families. With grocery stores, medical center, parks, and The Marketplace at El Paso less than 2 miles away, this neighborhood offers one of the best locations in town.
As for the community amenities, how does a fenced dog park, front yard maintenance and community swimming pool sound? With all of this and more, it’s hard to believe the prices in this community are so low!
Financing a New Construction Home
When it comes to financing the purchase of new construction homes, there are multiple options that buyers should be aware of. In many cases, new home developments will offer financing through the developer, however, this is not the only option and it should not be required that a buyer use the developer’s financing plan. Many mortgage lenders, including Resource Lenders, offer loans that can cover the purchase of new construction in master planned communities.
As for the different types of loans that are available, the possibilities are vast. From low money down options like FHA loans (3.5% down is usually required), to zero money down USDA loans (home must be located in USDA-eligible area), to conventional mortgages and more, there are several programs on the market to help you reach your homeownership goals. If you’re a new buyer, you may want to take advantage of one of the low or zero money down options such as the FHA, USDA or VA loan. Likewise, the conventional mortgage with 5 percent down may be a good choice for budget-conscious buyers who are selecting property at the entry price level.
If you’d like to learn more about these mortgage programs, feel free to give us a call at (800) 564-4342 or complete our online form to request more information and a free, no-obligation rate quote.