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Have the Mount Airy vistas at a bargain price

Deemed the “Four-County Area” by local residents, Mount Airy is a scenic rural town surrounded by sweeping Maryland hills and greenery. In Mount Airy, the homes are historic and elegant, and you'll have the option of embracing the small-town spirit in the cheery town center or embracing the tranquility of a home in the country. Regardless of your preference, Mount Airy has a home for you—especially if you're dreaming of living in the beauty of southern Maryland mountains.

Buy a house in majestic Mount Airy

If the views alone aren't enough, let these prices reel you in

The town of Mount Airy, Maryland, has grown by almost 50 percent in the past 16 years, and that’s not by chance. With its magnificent landscape and welcoming atmosphere, you'll never grow tired of living in the countryside. Commuters and city lovers are embracing Mount Airy as well, as the travel time to Frederick or Germantown is under half an hour. Baltimore is only 30 miles away, and even D.C. is within reach at just 45 miles south of the center of town. In Mount Airy, you'll have access to multiple natural parks and refuges, and the nearby Berrywine Plantations Wine Cellar is a local favorite. Whether you prefer a lifestyle of peaceful repose or an affordable house in the hills with a short commute, Mount Airy has a house for you. Take a look at the houses for sale today.

Earnest will help you invest in Mount Airy

A home here is worth the investment

If Mount Airy has caught your eye, now is the time to take advantage of the housing market. Before you do, however, you will need a loan. Earnest can help you secure the finances to make a home in Mount Airy your reality, and furthermore, we can walk you through the process of finding the right house in the right area. We will have a team of experienced analysts working with you along the way, and will look over all of your personal details to ensure you are getting exactly what you need. A Mount Airy home is possible for anyone with the right support, and we will make sure your purchase is a wise one. The countryside may seem like a dreamscape, but with Earnest as your guide, you can find a house here without a hitch. Start with a loan and end up in the home you've always wanted.

Common Questions About Buying a Home in Mount Airy

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.