Home Mortgage Lenders Alamogordo NM

With the money borrowed from the home mortgage lenders at banks, a home buyer can own a house without paying much money up front. See below to learn more and to gain access to home mortgage lenders in Alamogordo and information on home mortgage rates, home loans, and mortgage calculators.

Pioneer Bank
(505) 437-9075
Puerto Rico And 10Th
Alamogordo, NM
 
Bank34
(575) 437-9334
500 10Th St
Alamogordo, NM
 
First Savings Bank
(505) 437-0095
723 New York Avenue
ALAMOGORDO, NM
Services
Mortgage Brokers

Ruidoso Mortgage Company of Alamo
(505) 439-5070
1216 New York Avenue
ALAMOGORDO, NM
Services
Mortgage Brokers

First Federal Bank
(505) 439-0011
300 1st Street
ALAMOGORDO, NM
Services
Mortgage Brokers

Wells Fargo - Alamogordo Main
(575) 434-8000
1109 New York Ave
Alamogordo, NM
Type
Branch
Office Hours
Mon-Thu 08:00 AM-05:00 PM
Fri 08:00 AM-06:00 PM
Sat 09:00 AM-04:00 PM
Sun Closed

Pioneer Bank
(505) 437-9075
Puerto Rico And 10Th
Alamogordo, NM
 
Wells Fargo Financial
(505) 434-4950
814a 10th St
ALAMOGORDO, NM
Services
Mortgage Brokers

Alamogordo Title Company
(505) 437-2741
1100 New York Avenue
Alamogordo, NM
 
First National Bank
(575) 437-4880
414 10Th St
Alamogordo, NM
 

Energy Efficient Mortgages (Part 2)

An energy efficient mortgage acknowledges that homes that are energy efficient generally cost homeowners less to maintain on a monthly basis as oppose to other standard homes. Buying a energy efficient home allows a homebuyer to be able to spend money on other items for the house because their energy bills will be reduced. Energy Efficient Mortgages (EMM) allows borrowers to take out bigger mortgages because their monthly energy expenses on a energy efficient home won’t be as expensive meaning that they will most likely be able to pay the loan off faster. With a EEM you can also take a standard home and make it energy efficient.

How can a EEM benefit a borrower?

There are several ways a borrower can benefit by taking out an EEM. Well, first the borrower’s income and the estimated energy savings are analyzed allowing the borrower to qualify for a larger mortgage loan. Also the borrower’s buying power is increased permitting the borrower to include the total cost of any energy improvements into the total mortgage loan amount. Then because of the energy improvements the house value is increased.
 

Can Your Home Qualify for A EEM?

Energy Efficient Mortgages can be used for newly constructed homes. Your home must be a single-family, a owner occupied residential , a one unit house or a condominium in order to qualify for a EEM. Before you can take out a EEM you must first have a RESNET report evaluation. The RESNET report determines your home energy efficiency in it’s current state. After a RESNET report is done then you will receive a energy home rating. A energy home rating measures your home energy efficiency. A home energy rater that’s accredited by the RESNET rating system will conduct a home inspection. They will look at things like your home heating and cooling system, window to wall ratios and insulation levels just to mention a few. Then you will receive a energy rating score between 1 to 100.
 
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New Mexico Mortgage Licensing Body

Website: www.rld.state.nm.us

Phone: (505) 476-4885

State: New Mexico

Licensed By: Regulations and Licensing Dept. Division of Finance

Additional Info: Regulations and Licensing Dept. Division of Finance - (505) 476-4885 http://www.rld.state.nm.us/ (NM is licensed through the NMLS)