Energy-Efficient Mortgages Brookings SD

Local resource for energy-efficient mortgages in Brookings, 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.

First Bank And Trust
(605) 696-2274
424 5Th St
Brookings, SD
 
Wells Fargo Home Mortgage Inc
(605) 692-2759
527 Main Avenue
BROOKINGS, SD
Services
Mortgage Brokers

Home Federal Bank
(605) 692-7100
1024 6th Street
BROOKINGS, SD
Services
Mortgage Brokers

Bankstar Financial Brookings Office
(605) 692-3636
510 Main Avenue
Brookings, SD
 
Metabank
(605) 692-2314
600 Main Avenue
BROOKINGS, SD
Services
Mortgage Brokers

First Bank And Trust
(605) 696-2274
520 6Th St
Brookings, SD
 
Bankfirst
(605) 692-8600
425 22nd Avenue South
BROOKINGS, SD
Services
Mortgage Brokers

Bankstar Financial - Brookings Office
(605) 692-3636
510 Main Avenue
BROOKINGS, SD
Services
Mortgage Brokers

Wells Fargo - Brookings
(605) 692-6245
527 Main Ave
Brookings, SD
Type
Branch
Office Hours
Mon-Fri 07:45 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Brookings County Abstract Co
(605) 692-5724
627 5th Avenue
Brookings, SD
 

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)