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Saint Johns is a peaceful city

Located near the St. Johns river, this secluded city shares a zip code with 3 other communities. Fruit Cove, Julington Creek and Switzerland all share the zip code, 32259, with St. Johns. The communities have a combined population of 36,917 people. St. Johns alone has a population of around 18,000 people. It is the perfect city for nature lovers while those looking for more commercial entertainment can head over to Jacksonville in a jiffy.
Tampa, Florida, USA downtown skyline on the Hillsborough River.

A quiet city for a quiet lifestyle

Affordable homes for everyone at St.

St. Johns is a small unincorporated city near Jacksonville. It is covered by nature on all sides and can make for a sight for sore eyes. Its easy access to highways makes commute a breeze. Outdoor activities like fishing and camping are popular in the area. St. Johns is only 10 miles away from the Atlantic ocean and residents looking to hit up the beach can travel easily. Veterans Park is one of the biggest parks in the area and provides entertainment for various other communities. While the community is a quiet one, there is no shortage of home buyers thanks to it’s proximity to Jacksonville and consequently, vast amenities. The median price for a home in the area is $310,500 and is quite a steep price. The area is filled with luxury homes consisting of luscious gardens and spacious yards. There is no lack of entertainment in the area.
Tampa, Florida, USA downtown skyline on the Hillsborough River.
Rear view of a family canoe ride down a beautiful tropical river.

Johns is perfect for families

Find the perfect home with the experts at Earnest

St. Johns is not a popular community but that doesn’t mean that the homes in the area are less sought after. Over 94% of residents are home owners and it’s easy to see why. While the community does have smaller condos on offer, most homes are luxurious ones and gated communities are popular. The fact that home buyers can buy a large home near Jacksonville makes it a home buying hot spot. With Earnest, buyers can get the best homes in the most suitable neighborhoods without too much hassle. We believe in making the home buying process an effortless one and thus provide potential buyers with all the help that they need. All it takes is one online application from the buyer and our expert client service team will assists them. Through Earnest, buyers are recommended homes that match all their needs and be available at a reasonable rate.
Rear view of a family canoe ride down a beautiful tropical river.

Common Questions About Buying a Home in Saint Johns

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.