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Start your search for Queen Anne homes here

Home to just over 200 residents, Queen Anne is an intimate community bordered by the serenely wooded Tuckahoe Creek and Tuckahoe State Park. Nature enthusiasts love boating and fishing in the park's 60-acre lake and 20 miles of hiking, biking and equestrian trails. Families enjoy day camps, and free weekend activities. Annual events bring the small town together to celebrate the seasons. Queen Anne boasts natural beauty, a rich history, and great local schools—with room to grow!

Natural beauty meets affordability in Queen Anne

A headache-free application process and ultra-low mortgage rates

Queen Anne is the quintessential small town, with its easy accessibility to beautiful recreational activities and close proximity to city amenities. This quaint town was built along an historic railroad, with the lush Tuckahoe Creek flowing alongside its borders. Whether you are looking for the right place to raise a family, a serene place to retire, or simply affordable real estate market, Queen Anne offers something for everyone. Median home prices in Prince George's County are as low as $292,500.

Lovely Queen Anne beckons you home

A fast and easy application plus competetive mortgage rates

In the intimate setting of a small town like Queen Anne, many conventional online tools are insufficient to help in your search for the right home. Take the mystery out of the process with step-by-step support from Earnest. Let us guide you through the homebuying steps of ranking your priorities, such as walkability, commuting considerations, attractions, and schools. We will review your financial portfolio and tailor your target price range to meet your individual needs. In the idyllic community like Queen Anne and greater Prince George's County, median home prices are as low as $292,500. Earnest will ensure you get the most out of every dollar, and speed you through the process with ease.

Common Questions About Buying a Home in Queen Anne

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.