Alert Message

Luxurious houses that are sure to thrill

Bryantown is a quaint community in Charles County. This suburb will charm you with lush landscapes and gorgeous homes. While the immediate area doesn't offer many amenities, nearby attractions include the White Plains Golf Course and many other recreational activities and sports. As a family-focused community, it's certainly a great place to live if you don't mind traveling a modest distance for entertainment and recreation.

Accessible commutes from Bryantown

Golfing and recreation all year round

In Bryantown, you'll find many upscale Colonial and Dutch style houses with sleek, modern interiors. If you're looking for spacious accommodations, look no further. Have room to entertain and raise your family with sprawling properties, or enjoy a modest amount of comfort in a small-yet-spacious home. Enjoy fantastic property values with room for growth. Bryantown is great for commuters and travel lovers; its convenient location puts it less than an hour away from Washington, D.C., and other major cities. Charles County is also home to top-notch, award-winning schools and institutions of higher learning, making it a great place for families.

Find your next home in Bryantown

A home loan from Earnest can help

We know how rough searching for a home can be. You can spend countless hours researching and comparing neighborhoods and home types. It can be a bit overwhelming. Make your move without making it much of a hassle. Let Earnest help you handle the messy details so you can focus on finding your dream home. We'll give you the tools you need to best assess your situation. And when you're ready, we'll give you an affordable home loan so you can get moving.

Common Questions About Buying a Home in Bryantown

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

People around a computer

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.