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Finance a Street home today

Now is the best time to buy a home in Harford County, a peaceful and rural unincorporated community. The price per square foot in Harford County is much lower than the Baltimore Metro average. Street has something to offer all potential buyers, whatever your interests.

Affordable homes at your fingertips

Street awaits you

The median list price per square foot in Harford County is $155, according to This is lower than the Baltimore Metro average by by $14 per square foot. On average, the median price of a home in the county is $259,900. This is less than the Maryland state average by $5,500, meaning that now is the best time to purchase a home in the area. House values in Harford County have increased in the last fifteen years, which signals that the economy in the area is stimulated and healthy. Low crime rates and a steady economy make the area an excellent place to raise children. Earnest makes it easy find your dream home and will work with you to make sure it's the perfect fit.

Find your perfect home today

Let Earnest streamline your homebuying experience today

Are you looking to settle down in a peaceful, historical town with easy access to the great outdoors? Street, MD may be the place for you. With the Earnest signature loan calculator, it's simple to determine where and when to begin your search for a new home. Always work closely with your realtor when researching different properties, making sure to ask about potential discounts or quirks. Perhaps you already own an existing mortgage and you wish to refinance. Earnest is here for you to assist you in the process, allowing you to gain insight about what loan amounts you would qualify for based on the financial situation of your current home.

Common Questions About Street 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.