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Your dream home is ready for you

Mortgage rates in Cecilton average about 4.28 percent for a 30-year fixed rate plan, making now a good time to purchase your new home. Earnest is ready to help you take the leap, so you'll have all the information you need to make a secure decision. You can begin your life in Cecilton with us.

You'll find great rates in Cecilton

Prepare for your future by taking the right steps today

This unique area is perfect for you and your family, with its beautiful natural surroundings and vibrant small-town charm. You'll be quickly immersed in the lifestyle of this active community, as the median age here is around 35, and most citizens are engaged in the town's events. Your children will have access to recreational activities and clubs like Boy Scouts and Girl Scouts, and the schools are close by and well-supported. In Cecilton, you'll find plenty of natural parks within walking distance, and the local shops and restaurants are close by as well. Furthermore, there are plenty of jobs in the construction industry, agricultural sector and small businesses, so the economy is healthy and boisterous. Take advantage of this time and join the Cecilton community.

Buy your Cecilton home with Earnest

We will guide you through the process. So what's the next step?

With many job opportunities and available properties for both homebuyers and property renters, there are a multitude of possibilities for those moving to Cecilton. However, before you can buy your house, you must secure a home loan. This process may seem stressful, but Earnest is here to make this a simple and easy process. We will help you assess your credit score and financial situation, along with any other questions you might have. As rates in Cecilton are right around the national average, this is an exciting time to be buying a house here. We can’t wait to get on board with you and help you begin the next chapter of your life.

Common Questions About Cecilton Mortgage Rates

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.