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Titusville - A historic city that thrills

Located in Brevard County, Titusville is a small city with a lot of history. The city is present on the banks of the Indian River and is right by the Kennedy Space Center. Residents have the opportunity to revel in the cultural history. Museums, space centers, fishing, bird watching are popular activities. Walks and Halls of Fame are very common in this city as it is home to the American Police Hall of Fame, the US Astronaut Hall of Fame and the US Space Walk of Fame Foundation & Museum.
Miami waterfront skyline looking east along the Miami river

Titusville is the perfect small town

Space, Sun and peace all in one place!

Titusville has a long history and was mainly built by pioneer, Henry T Titus. It was incorporated as a city in 1877 and has grown tremendously since. The Kennedy Space Center was opened on Merritt Island in the 50s and led to the cities 2 nicknames – Miracle City and Space City USA. The A Max Brewer Bridge was opened in 2011 to give residents access to Merritt Island National Wildlife Refuge and the Canaveral National Seashore. Residents of the area have the Titusville Playhouse to enjoy plays and art festivals. Additionally, those who love the outdoors can take part in boat tours, kayaking, river rafting and visit the numerous parks and sanctuaries in the area. The Sherwood Golf Club has a top of the art course for golf and is a favorite among residents. For nature lovers, Titusville is a dream come true.
Miami waterfront skyline looking east along the Miami river

Titusville is perfect for a quiet life

Get help to find your dream home in Titusville

Titusville offers great homes. From spacious family homes to luxurious mansions, buyers have a lot to look at. Since home buyers might not have the time to look through every available house or attend multiple open houses, Earnest can help you out. Our superb metrics and algorithms can get you the best results by combining your priorities with your price range. The median home price in Titusville is only $91,600, which is more than 45% lower than the national average. The city has a population of 44,302 with a little over 65% of them being home owners. Earnest can help you become a home owner yourself and not only help with finding a dream home but also with financing it. Remember that buying a home is a serious decision and no matter the time it takes, buyers must make an informed choice.

Common Questions About Buying a Home in Titusville

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.