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Discover desirable West Friendship homes

A small town about an hour outside of Baltimore, West Friendship is an affluent suburb in Howard County. A high median home price and a high family income, along with beautiful housing options and a decorated public school system make West Friendship one of the more sought-after neighborhoods in the larger Baltimore area.

West Friendship is one of Baltimore's best suburbs

Beautiful homes and views

Located in Howard County, West Friendship is one of the more expensive suburbs of nearby Baltimore. There are many notable neighborhood attributes—beautiful rolling hills and sprawling farms define West Friendship, enhancing the picturesque charm that the town is known for. The beauty and the quality and size of the homes contribute to the high price of homes, with the median price falling just over $700,000. The neighborhood also falls within the Howard County school system, which is considered one of the best in the nation, contributing to the West Friendship's desirability for families with children. The fantastic school system and stunning housing, paired with the easy access to nearby Baltimore's attractions, restaurants and work opportunities make West Friendship one of the top places to purchase a home.

Purchase the perfect place in West Friendship

Find your dream home in one of Baltimore's most desirable suburbs

There is no better time than now to find your dream home in this idyllic town nestled among the beautiful, sprawling landscape. With a high median price of $700,000, homes in the West Friendship area do not come at a low price tag; many even come in over $1 million. But, thanks to expanding development, there are homes available at a range of prices for every budget. With their unique system, let Earnest help uncover the perfect price for you so you can begin the search for your new home today. You must consider your financial requirements and restrictions when looking for a home, but remember to factor in West Friendship's dazzling luxuries when considering the pricing. With access to nearby Baltimore's wonderful attractions, you are not paying only for the home but also for the amazing local amenities.

Common Questions About Buying a Home in West Friendship

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.