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Ponte Vedra is the perfect beach community

Ponte Vedra is a seaside community famed for its upper income homes and long history with golf. Its small town atmosphere combined with a modern amenities make it highly desirable. The area has some of the best school districts in Florida and it has time and again been voted as one of the best places to live in Florida. The area has a resort-like feel to it, which amplifies its attraction to all types of families. According to Trulia, the average price of a home is around $720,000.
Jacksonville, Florida, USA downtown city skyline.

Ponte Vedra is ideal for young and old families

Ponte Vedra has all the beaches, communities and restaurants of your dreams

This affluent suburb is located in North Florida in St. Johns County, which happens to Florida's wealthiest county, and comes under the Jacksonville Metro Area. It has a population of around 30,000 people and it's ideal for individuals seeking to escape the city life. Natural beauty combined with plush golf courses and breathtaking country clubs provide residents with a serene, untroubled, and fulfilling home life. The average unemployment rate is lower than the national unemployment rate. The prices of homes in Ponte Vedra are slowly appreciating and this is an ideal time to buy a home in this posh suburb. It's well-connected to Jacksonville and the crime rates are incredibly low. Attractions such as Bird Island Parkadd to the suburb's appeal. There are numerous public beaches between the neighborhoods on the Ponte Vedra Boulevard.
Jacksonville, Florida, USA downtown city skyline.
Group of friends jumping from the boat. having fun on the yacht and in the water

Buying a home in Ponte Vedra is a piece of cake

Our aim is to help you finance and locate your dream home

St. Johns County is Florida's wealthiest county, so the homes are understandably pricey. However, with the price, you will have an unmatched standard of living in Ponte Vedra. Purchasing a home is a life-long commitment and Earnest exists to help you get the best possible deal. We will help you locate a home within your price range and you will not need to spend a great deal of time combing through open houses. Our client service team will assist you in analyzing your financial position, your personal needs for your home and your requirements for your neighborhood. Our team will work closely with you to fulfill your unique needs. The time has never been better to purchase a home in Ponte Vedra. Your potential home will skyrocket in value over the next decade, so if you can afford it and are willing, we will make it a reality.
Group of friends jumping from the boat. having fun on the yacht and in the water

Common Questions About Buying a Home in Ponte Vedra Beach

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.