Alert Message

Earnest knows Crestview's current housing market

2015 saw the home value in Crestview going up by 3.4%. $149,300 is the current median home value in the city. The median home prices listed currently in Crestview is $179,900. The per-square-foot median list price is $93 ($214 is the Crestview-Fort Walton Beach-Destin Metro average). Zillow predicts that within the next year, the value will rise by 5.6%. 28% of Crestview's population are single residents. 69% are homeowners. Crestview offers modern homes, as well as traditional homes.
Jacksonville, Florida, USA downtown city skyline.

Crestview is the fastest growing city in Florida

Crestview is a charming city that is suitable for everyone to live

Since 2007, Crestview holds the distinction as the largest city in Okaloosa County. The city's close proximity to Eglin Air Force Base can be attributed as one of the factors for its envious growth. People from all over the state is flocking to Crestview because of the diverse jobs it offers. The recent years saw the home values going up. The cost of living, however, is still well below the national average. Most of the people in Crestview commute by car. Crestview's Main Street region is witness to the city's residential expansion. The city hosts many wonderful events all through the year. The Fall festival is an event that attracts people from all over the country. This 'hub city' is experiencing a growth unlike any other cities nearby. Investing in a home in Crestview can be lucrative.
Jacksonville, Florida, USA downtown city skyline.
Couple laying on a beach. Blue sky in the background.

We can get you a budget-friendly home in Crestview

Earnest's mortgage rates are fair, guaranteed to suit your finance

The time to buy a home in Crestview is now. The home prices have been going up in the recent years and it will only increase. Earnest can find you a home that fits your budget right now. Just inform us what type of neighborhood you want to live in and we will take care of the rest. Out online application process is simple and fast. Your credit score is an important factor for getting a mortgage, refinancing your mortgage and negotiating a fair mortgage rate. Even if your credit score is bad, Earnest can find a solution for you. We will look at your current financial position and your potential future earning capacity and then find the right rate for you. Refinancing your mortgage also works the same way with Earnest. Get in touch with our competent client support team for any query.
Couple laying on a beach. Blue sky in the background.

Common Questions About Crestview 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

People around a computer

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.