Energy-Efficient Mortgages Aberdeen SD

Local resource for energy-efficient mortgages in Aberdeen, SD. Includes detailed information on local businesses that give access to energy efficient mortgages, mortgage companies, energy efficient loans as well as information on mortgage companies and content on mortgages.

Plains Commerce Bank
(605) 225-7548
524 South Dakota Street
Aberdeen, SD
 
Dacotah Bank
(605) 225-5611
308 South Main St
Aberdeen, SD
 
Aberdeen Federal Credit Union
(605) 725-2328
2324 8Th Ave Ne
Aberdeen, SD
 
Cortrust Bank
(605) 229-5069
519 6th Avenue Southeast
ABERDEEN, SD
Services
Mortgage Brokers

Clark Title Co Title Insabstract
(605) 225-1330
104 South Lincoln Street Suite 108
Aberdeen, SD
 
Great Plains Bank
(605) 725-9400
3915 6Th Ave Se
Aberdeen, SD
 
Cu Mortgage Direct LLC
(605) 725-0200
203 S Dakota St
Aberdeen, SD
 
Aberdeen Federal Credit Union
(605) 725-2328
2324 8Th Ave Ne
Aberdeen, SD
 
Centennial Homes Inc - Corporate Office
(605) 225-8301
Aberdeen, SD
 
Citifinancial
(605) 225-9133
522 Moccasin Drive
ABERDEEN, SD
Services
Mortgage Brokers

Energy Efficient Mortgages

What are energy efficient mortgages? More and more people are using them to purchase greener homes and save money in the long run. See what they are, who can use them, and what the benefit of having an energy efficient mortgage is.  

Energy Efficient Mortgages are mortgages that will give credit for a home’s energy efficiency in an actual mortgage, which gives a lendee the chance to fund cost-effective, energy saving home. This extends the debt-to-income eligibility ratios, allowing a lendee to meet the requirements for a larger loan. Not only do they receive a larger loan, but they also improve their situation with a home that is better and more energy-efficeint. 

Why should people buy energy efficient homes? There are many benefits to having an energy efficient home. The first two things that people talk about when buying an energy efficient home is that a) it costs less and b) it is better for the environment. An energy-efficient home saves a homeowner a significant amount of money on monthly bills because it uses less energy for heating, cooling, and water heating. It also creates less pollution, an obvious benefit for the environment. Energy efficient homes are also said to have increased comfort. Homes are typically cooler in the summertime, and warmer in the winter without using nearly as much energy. It is also said that the air quality in these homes is much better—improvement of duct systems typically means better airflow. 

These energy efficiency mortgages are mostly used to purchase new homes, which are already energy efficient. However, an energy efficient mortgage can be used to do energy efficient upgrades on existing or older homes. People who use these can spend a little bit more on their monthly mortgage payment because their energy efficient homes cost less on a monthly basis for other bills. In order to apply and receive an energy efficient mortgage, the borrower normally has to allow a home energy ...

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South Dakota Mortgage Licensing Body

Website: www.state.sd.us

Phone: (605) 773-3421

State: South Dakota

Licensed By: SD Division of Banking

Additional Info: SD Division of Banking http://www.state.sd.us/drr2/reg/bank/BANK-HOM.htm (605) 773-3421 (SD is licensed through the NMLS)