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Buying a house in Deltona? Start here

Deltona is a city in Central Florida with a population of over 85,000. The city is located close to major cities in the state – Daytona and Orlando. It is the largest city out of the 3 but is not as well known as the others. Unlike it's more popular areas, Deltona is not a tourist location. It is surrounded by woods and lakes to provide a peaceful environment. Most of the city is composed of permanent residents where over 78% of people own a home and Earnest can make you one of them.
Tampa, Florida, USA downtown city skyline over the Hillsborough River.

Serenity all year round

Peace and quiet on your mind? Deltona is the place for you

The population of the city has risen by over 24% since 2000 but the overall feel of the city is peaceful. A quiet city that offers a lot in terms of outdoor activities like camping and fishing. Nature lovers can also visit the Lyonia Preserve. Another major landmark in the city is the Deltona Library that has a 1,000 seat amphitheater built into it. A great place for learning new things, the library also includes a learning center. It was granted a Silver Certification by the US Green Building Council. Deltona is part of the Daytona-Deltona-Orlando metropolitan area. This area has a massive media market that hosts the nation's 18th largest television market and 35th largest radio market. Residents of the city have a lot of activities to occupy themselves with and there isn’t a lack of things to do and places to explore.
Tampa, Florida, USA downtown city skyline over the Hillsborough River.
Family day at the beach on Amelia Island, Florida.

Every step of Deltona home buying made easy

Easy application and quick results with home buying

Deltona is a major city in it's own regards but it still has a small town vibe. It is a good mix between a big city and a small town. All kinds of different homes are on offer at Deltona from luxury homes to smaller condos and family homes. The median price of a home is $108,600, which is 30% lower than that of the state. Earnest can make it easy to find the perfect home to suit your needs. By taking your home buying priorities into our recommendation process, we can suggest the best neighborhoods and homes for you. We make it a priority to find the best price range for you and work accordingly to find the right home. Some buyers will need financial assistance when buying a home, Earnest can provide the required assistance at a much quicker pace compared to other methods. Make the home buying process an effortless one through Earnest.
Family day at the beach on Amelia Island, Florida.

Common Questions About Buying a Home in Deltona

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.