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Niceville is known for its outdoor attractions

Niceville has come a long way from its 1868 origins. The original name of the town was Boggy. The name was changed to Niceville in 1910. According to Zillow, average home values in this Florida city comes to $251,600. Property of all kinds are sold here. The studio flats and the single family homes lie at the bottom rung of the price ladder. Maximum prices are offered for five bedrooms or more luxurious apartments and triplexes. Duplexes are also available.
Miami waterfront skyline looking east along the Miami river

Niceville's a city close to Eglin air force base

Military memorabilia and adventure outdoors define this city

is anchored on the Boggy Bayou which gives way to Chochtawhatchee Bay. The city has a number of parks. Megs Park is used for playing basketball and sees wide use of playground equipment. Utility fields are present. Lions Park is suitable for picnickers for its covered picnic facilities. The boat ramps can be used to launch watercraft. Niceville has a number of recreational areas. The Niceville Recreation Complex has a total of four playing fields. The Mullet Festival Grounds contains a four acre pet area almost exclusively for any kind of pets. Pets are not allowed inside any adjacent playing grounds. The Kelly Hill Park has basketball courts and swings. The Disc Golf Course has a total of nine holes.
Miami waterfront skyline looking east along the Miami river
Orlando, Florida cityscape and skyscrapers with reflections of Lake Eola at night with palm trees, fountain and swans.

Buying your Niceville home is now easy as pie

We don't simply help you pay for your dream property, we can find it too

A home should be bought only after much consideration. It is a major investment and easily a milestone in most people's lives. A number of factors must be considered. You should analyze the maximum number of properties and different neighborhoods before choosing a particular chunk of property. Personal priorities play a major role in the buying of a house or a flat. Earnest can help you to select a specific property by considering a number of personal preference factors like the distance of the chosen property from office and healthcare services. Distance between home and nightlife hotspots are also to be considered. We will utilize this information to whittle down the huge number of properties into a select few. Your financial position will also be considered. You will be presented with a list of properties comfortable to your budget.
Orlando, Florida cityscape and skyscrapers with reflections of Lake Eola at night with palm trees, fountain and swans.

Common Questions About Buying a Home in Niceville

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.