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The best place to buy a home

The average house prices are lower than that is Florida and despite prices increasing every year, they continue to stay low. There are good schools in the city and job prospects are also high. The median household income is about $42, 766. There are good schools and job prospects are also high. The amenities are excellent and you will find a wide range of markets, restaurants, libraries, coffee shops, parks and much more.
Tampa, Florida, USA downtown skyline.

You will get a taste of Nature and History

Tourists and residents alike love the natural beauty and historical sites

If the low housing rates and amenities don’t attract you then the natural beauty and rich history of the place will. It was founded about 7,000 years ago and the warm mineral spring which was discovered is known locally as the “original fountain of youth”. And rightfully so because the place is very relaxing and you feel rejuvenated after staying for a while. Green Cove Springs is a hot spot for tourists and two of the main economic ventures have been agriculture and tourism. Green cove Springs got its name from a naval base that was opened during World War I. Some of the historic places which you can visit in Green Cove Springs are Clay County Courthouse, Green Cove Springs Historic District and St. Mary's Church.
Tampa, Florida, USA downtown skyline.
Carnival Ferris Wheel

Housing options with Earnest

So, you want to buy a house in Green Cove Springs? Let us help you then

By now you might have realized how beautiful Green Cove Springs is and you probably want to buy a house in this lovely city. But it is no easy task to zero down on a house that fulfills all your needs. Buying a home is a huge investment and you want to make sure you get it right. And this where we come in. Right from choosing the right house to providing mortgage rates, our experts at Earnest will take care of everything. We will sit down with you and get a clear idea pf what exactly you are looking for. Once we have a clear idea of your requirements, we will show you homes that will fit your exacting needs. We make sure that the house that you have been thinking of buying is yours and that too at the best possible rates.
Carnival Ferris Wheel

Common Questions About Buying a Home in Green Cove Springs

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.