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Explore Clarksburg's growing market

With a record low mortgage rate of 3.86, now is the time to invest in Clarksburg. Look for property near Ovid Hazen Wells Park, or enjoy a home closer to Little Bennett Regional Park. Clarksburg has something to satisfy every requirement and every taste. Homes are affordable, growing in value, and waiting to be purchased in Clarksburg. Clarksburg is a great place to invest in your future.

Invest in a Clarksburg home

Find a home you love that also fits your budget

Located in Montgomery County, Clarksburg is a small yet developed town. Picture yourself in a red brick home at the end of a long work day, or a trendy condo close to all the amenities. Sound good? Then check out Clarksburg today for beautiful, comfortable properties in your price range. The current median home value is $448,703, a number that has doubled since the year 2000. Don't miss out on your chance to make a great investment in Clarksburg, or you're bound to regret it. Buying a home is affordable and easy with Earnest's mortgage calculator. Try it out today and get started on the homebuying process.

Invest in Clarksburg. Now is the time.

A quickly developing community

Securing your Clarksburg mortgage is made easy with Earnest. We'll help you find the best rate depending on a range of factors such as your ZIP code, budget, and credit score. Whatever your situation is, Clarksburg is the place to invest. It is quickly growing, so investing now means putting yourself ahead of the curve. Just be sure to ask your realtor if you are eligible for any special rates. Refinancing your mortgage in Clarksburg is similar to getting a mortgage. Changing your rates could help you free up much-needed funds for large purchases such as an addition on your house, a wedding, or a new car. Earnest makes the process simple whatever your requirements.

Common Questions About Clarksburg 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.