Alert Message

Love the beach? Get a home in Rockledge!

Rockledge is the first city to be established in Brevard County of Florida. The city has a healthy aerospace and technology industry. According to Zillow, average home value is calculated to be #211,900. Property prices vary across the city. Studio flats are at the bottom end of the scale and the most expensive apartments have five or more bedrooms. Single family homes make up the base of independent homes. Triplexes form the cream of high end homes.
Long stretch of Miramar Beach, in Destin, Florida and the emerald green waters of the Gulf of Mexico.

Rockledge's a city which has transformed itself

It has the perfect mix of technology and outdoor recreational opportunities

Rockledge is located 19 miles to the north of Melbourne, Florida. Tampa is 109 miles to the east. This Florida metropolis offers quick access to nearby towns and cities. It shares the Melbourne-Titusville-Palm Bay area with nearby urban habitats. Rockledge came into existence in August, 1887. It is Brevard County's oldest incorporated municipality. The economy of the city in its early days were dependent on tourism and citrus trade. The then town provided accommodation to travelers going towards South Florida. The city at present has a thriving aerospace and technology industry. Rockledge has few attractions. For avid anglers, sport-fishing is possible. Other notable tourist places are activities along the beach and H.S Williams House. The house is a historic structure. The third floor was a school for children.
Long stretch of Miramar Beach, in Destin, Florida and the emerald green waters of the Gulf of Mexico.
Family day at the beach on Amelia Island, Florida.

Purchasing your Rockledge home is now much easier

We do everything from finding your dream home and paying for it too

Purchasing a property is one of life's turning points. It is an important investment and must be done with due care. A number of factors must be considered. A wide range of properties should be looked upon and multiple locations too. Earnest will help you in your endeavor by analyzing your personal priorities and your financial position as well. Factors taken into consideration include distance from the property to your work address and the distance to hospitals and supermarkets. Nightlife is also an important factor. Earnest will utilize this information and offer you results within a price range you are comfortable in. we will also list you a number of neighborhoods compatible with your lifestyle. We will assist you to narrow your search options so that you can quickly move into your new home.
Family day at the beach on Amelia Island, Florida.

Common Questions About Buying a Home in Rockledge

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.