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Luxury and comfort are waiting in Crownsville

Crownsville has a lot of very nice neighborhoods. In fact, according to City-Data, the median household income in 2013 was $81,227. There's also a lot of great things to do in Crownsville but nothing comes close to the nationally known Renaissance Festival that is held every single year. It's been a tradition since 1977 and it shows no signs of slowing down. Crownsville has plenty of wonderful experiences waiting for you!

Grab your crown and move to Crownsville

See what this town has to offer

There's always something to do and somewhere to go in Crownsville--especially if you love to eat. There are nearly 300 full service restaurants for you to discover in Crownsville, which leaves plenty of room for variety and discovering new meals that you might not have tried. If you're after a good home-cooked meal, there are almost 80 grocery stores and 6 supercenters for you to keep your kitchen fully stocked and ready to go. Crownsville has something for everyone and will likely surprise you with its small-town charm. Experience the magic of the Renaissance Festival it hosts annually for residents and visitors that come from all over the country.

Good times are waiting for you in Crownsville

Find your dream home here

There's really no reason to keep looking for a better home. Any other home would be settling. In Crownsville, with Earnest, you can unlock the door to the home you've always wanted but never thought you could afford. Luxury and comfort are affordable and within your reach in Crownsville. There is a wide variety of homes for whatever price range you're looking to stay within. All it takes is a few minutes of searching to know that Crownsville has plenty of homes that you'd enjoy calling your own and showing off to friends and family. The only thing left to do now is choose the home you want to come home to every day. There are plenty of things to do and see--all that's missing is you.

Common Questions About Buying a Home in Crownsville

All The Answers You Need to Settle Down Sooner

Should I choose a fixed or adjustable rate?

It depends how long you expect to stay in the home. Adjustable rates are good for people who may not be in the home long, whereas fixed rates are ideal for people who are confident of settling in.

Do I need a home appraisal?

Probably—in most cases, the homebuyer must use an appraiser to evaluate the value of the home. Appraisal costs vary depending on the value of the property, as well as the state the house is in. Buyers cannot choose their own appraiser—the bank makes the decision.

What is PMI?

Private mortgage insurance (PMI) is required when a homebuyer makes a down payment of less than 20%, or when a borrower refinances with less than 20% equity in the home. PMI fees vary according to your down payment and credit score, and adds a premium to your monthly mortgage payment. Please note, PMI is tax-deductible in 2015 and 2016 for certain income brackets.

What does Loan-to-Value mean?

Loan-to-Value (LTV) is the percentage of your home’s value that your loan represents. When refinancing, the calculation is simply the loan amount divided by the appraised value. When buying a home, the LTV is found by dividing by either the purchase price or appraised amount, whichever is lower. When the LTV is less than 80%, the lender generally requires PMI.

For example:

Purchase price: $100,000
Down payment: $15,000
Loan amount: $85,000
Appraised value: $110,000
LTV: $85,000/$100,000 = 85%

What are closing costs?

Closing costs are standard fees associated with a real estate transaction. You will typically pay about 2-5% of the purchase price in closing costs—the exact amount depends on where you are buying (or refinancing), as well as number of extra fees involved in your particular transaction. Earnest charges no lender fees, so the borrower is only responsible for 3rd-party fees.

What should I consider before refinancing my mortgage?

Refinancing your home loan is an attractive option when rates are low. A simple rate and term refinance can help you lower your monthly payment and potentially eliminate your PMI premium, as long as you have built up enough equity in the home. You might also use a cash-out refinance to access some of the equity you’ve built up in the home (which may result in a higher monthly payment on your new loan).

However, keep in mind that refinancing a mortgage does involve several fees (closing costs). Before refinancing, you should calculate the ‘break-even’ point at which your refinanced loan makes up for the closing costs. If you plan to leave your home before this time, it’s better to stay with your current mortgage.

Knowledge Is (Buying) Power

Further Resources from the Earnest Blog

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The intelligent home loan

When it comes to finding the right home loan, Earnest works hard to ensure that the process pain-free. We use an industry-leading and intuitive online-only application (meaning most times no scanner or fax machine required), a 5-star client service team, and a unique rolling pre-approval that stays current while you track down that perfect home. At Earnest, the home loan process is like no other.