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Quantico is ready to be your new home

If you dream of living a small town life, the town of Quantico is the perfect place for you. Nestled on Maryland’s coast, this area has a deep historical foundation and a true nautical feel. The oldest standing house in the area was built in 1790. This area is also perfect for those who are looking to start a life with their new family. Don't wait any longer to move to the perfect area to live; call Quantico, Maryland your next home.

Quantico is the perfect place for a getaway home

Own your own home and begin your next adventure today

Quantico, Maryland is a great place to own a second home if you are looking to get away from the hustle and bustle of a big city. This town is settled in a quiet area along the coast of Maryland. It is a small but quaint area with a population of just 133 people. The average sales price for a home right now in this area is $325,000. In a small town like this, you are sure to get more space and land for your money. And when you consider its location, accesible to water-based nature and recreational amenities, it's hard to beat Quantico for a home that feels like a getaway. The area is filled with friendly people, making this small town ideal for making new friends and simply enjoying life.

Your dream home in Quantico, achieved easily

Earnest makes homebuying simple

Raise your new family away from the big city lights when you buy your dream home in Quantico, Maryland. This beautiful coastal town allows you to buy or build your dream home on large plots of land. The professionals at Earnest know just how important buying your first home is, which is why we are by your side through every step of the process. We offer a long list of online tools that make it easy for you to find a home that is within your spending limits. When you allow us to help you find a home, we make sure that your homebuying adventure is one that you will always remember (in a good way!). Don't wait any longer to find the perfect home for you and your family.

Common Questions About Buying a Home in Quantico

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.