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Buying a house in Kissimmee begins here

Kissimmee is a sunny city that serves as the county seat of Osceola County, Florida. Located just a stone's throw away from Disney World, this inland city is both affordable and entertaining. Average home prices in both Sarasota and Bradenton are on the rise, making a home purchase here an excellent investment—and an Earnest home loan can make it happen.
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Kissimmee caters to everyone

Gulf, golf, and good weather all year round

Located just a short drive away from downtown Orlando, Kissimmee is a popular destination for young professionals and new families looking for homes. As a community located so close to Disney World, Kissimmee thrives on tourism and hospitality. If you're not keen on visiting the theme parks, a fantastic array of golf courses, restaurants, and shopping centers will keep you busy. Kissimmee neighborhoods are filled with gorgeous homes with verdant lawns and deep blue pools. Kissimmee has property catering to buyers of all budgets, from cozy condos to spacious estates. Some of the more noteworthy locales include Hunter's Creek, just north of Kissimmee, which is home to the Loop, one of the county's finest shopping centers. It is also one of the safest neighborhoods in Osceola County, along with nearby Celebration and Meadow Woods.
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Make the move to Kissimmee

Low mortgages rates and a seamless application make it easy

Buying a home in the Kissimmee area is exciting, but it doesn't need to be stressful. With so many neighborhoods to compare, websites to browse, and open houses to visit, the process of finding your dream home—at your dream price—is rarely quick. Earnest helps identify your priorities (walkability, commute time, proximity to Sea World, etc.) and then analyzes your unique financial profile to determine your target home price. With median home prices in Kissimmee around $110,800, the cost of living here is affordable relative to the many amenities available to residents.
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Common Questions About Buying a Home in Kissimmee

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.