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Your path to a Marriottsville home starts here

Only 30 minutes from Baltimore, Marriottsville is the ideal suburb for commuters who want to raise their family outside of the city. With a variety of new and historic single-family homes available, Marriottsville is ideal for any type of family. Located nearby are a great middle school and high school right in Marriottsville and an equally quality elementary just outside town in Woodstock. Parents can feel comfortable sending their children to some of the best public schools in Maryland.

Marriottsville is beautiful in all four seasons

Visit the city or stay local

A nearby suburb of Baltimore, Marriottsville is the perfect town for commuter families that want to live away from hectic city life and work. Enjoy the local restaurants, attractions, go shopping at one of the nearby malls, or take a day trip to Annapolis to enjoy everything Marriottsville has to offer. Marriottsville is a hub for activities while maintaining a peaceful atmosphere in a quiet neighborhood. Look no further for your dream home in your dream neighborhood.

Streamline your Marriottsville homebuying process

Easy application and manageable rates makes homebuying simple

Buying your new Marriottsville home should be an exciting process. And while having options is great, taking the time to compare the various different neighborhoods, homes, and websites for Marriottsville real estate can be overwhelming. Fortunately, Earnest can help you prioritize what you need a home (walkability, the amount of land, size, etc.) and figure out what you can afford in a home. After we analyze your financial profile, Earnest can help homeowners find their target home budget. Currently, according to Trulia, Marriottsville homes' median sales price is $610,000. Zillow predicts home values are on the rise, so act fast and start looking for your Marriottsville home today. Earnest can help you find it and then finance it. No headaches, no stress.

Common Questions About Buying a Home in Marriottsville

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.