Energy-Efficient Mortgages Iowa City IA

Local resource for energy-efficient mortgages in Iowa City, IA. 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.

Iowa State Bank And Trust Co
(319) 356-5960
102 South Clinton St
Iowa City, IA
 
First Equity Lending Inc
(866) 215-5450
2014 Klouda Rd
Ely, IA
 
US Bank - Iowa City Towncrest Office
(319) 356-9013
1117 William St
Iowa City, IA
Drive Up Hours
Mon 09:00 am to 05:00 pm
Tue 09:00 am to 05:00 pm
Wed 09:00 am to 05:00 pm
Thur 09:00 am to 05:00 pm
Fri 09:00 am to 05:30 pm
Sat 09:00 am to 12:00 pm

Hills Bank and Trust Company
(319) 338-1277
1401 South Gilbert Street
IOWA CITY, IA
Services
Mortgage Brokers

Mercantile Bank Iowa City Locations Downtown
(319) 356-9000
204 East Washington Street
Iowa City, IA
 
Great Midwest Mortgage
(319) 358-8118
2346 Mormon Trek Blvd Ste 1000
Iowa City, IA
 
Wells Fargo Home Mortgage
(319) 887-7461
112 South Dubuque Street
IOWA CITY, IA
Services
Mortgage Brokers

Wells Fargo - Iowa City Downtown
(319) 887-7461
112 S Dubuque St
Iowa City, IA
Type
Branch
Office Hours
Mon-Thu 08:30 AM-05:00 PM
Fri 08:30 AM-06:00 PM
Sat 08:30 AM-02:00 PM
Sun Closed

Reliance Settlement And Escrow Llc
(319) 354-6505
725 South Clinton Street Suite C
Iowa City, IA
 
West Bank Main Ofc
(319) 351-4121
229 South Dubuque Street
Iowa City, IA
 

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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Iowa Mortgage Licensing Body

Website: www.idob.state.ia.us

Phone: (515) 281-4014

State: Iowa

Licensed By: Iowa Division of Banking

Additional Info: Iowa Division of Banking - 515-281-4014 http://www.idob.state.ia.us/ (IN is licensed through the NMLS)