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Whaleyville offers great houses in Maryland nature

With just under 200 occupants, Whaleyville is the definition of a small town with great charm. If you are looking for somewhere quiet to return to at the end of the day, Whaleyville is the place for you. These properties are unique, with stunning old architecture set against the sprawling hills of northern Maryland. Take advantage of the prices and proximity to nearby cities by purchasing your next home in Whaleyville.

Find the perfect home for you in Whaleyville

Warm neighbors and an affordable home can be yours

The town of Whaleyville is located in Worcester County, Maryland. Though it is just .96 miles in area, surrounding towns like Willards, Pittsville, Selbyville, and Berlin provide Whaleyville with a sense of extended community. In this town, you can soak up the small-town atmosphere or you can revel in the peace and quiet. Whatever your preference might be, Whaleyville is versatile and prepared to meet your needs. If you're looking to explore a bigger city for a getaway, the closest is Vineland, New Jersey, about 76 miles away. Baltimore is also within driving distance, at just over 90 miles away. You'll have access to great school systems and a number of small business that cater to the nearby towns as well. The town of Whaleyville is waiting for you. Begin the process of buying your new home today.

Buy your home without a hitch in Whaleyville

Earnest is ready to help you transition from a home searcher to a homebuyer

You may be dreaming about moving to Whaleyville, but turning that dream into a reality can feel like a burden. Trying to find the perfect neighborhood, property, and mortgage rate can be confusing, and often, people feel limited by their budget or other requirements. However, with Earnest by your side, you don't have to feel so overwhelmed. With our easy-to-use calculator, you can assess your financial capabilities and work with our analysts to match this number with the house you want in Whaleyville. Let us help you find the best deals. You'll own your dream home in no time.

Common Questions About Buying a Home in Whaleyville

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.