Home Mortgage Lenders Atmore AL

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 Atmore and information on home mortgage rates, home loans, and mortgage calculators.

Agent Kirk Christopher
(251) 368-9891
100 South Carney Street
Atmore, AL
 
Fairway Independent Mortgage Corporation
(251) 296-4660
616 Palafox St
Flomaton, AL
 
Southern Land Title Inc
(251) 937-7186
230 Courthouse Square
Bay Minette, AL
 
Alabama Land Title Co Inc
(251) 937-5566
112 North Hoyle Avenue
Bay Minette, AL
 
Allied Capital Mortgage Corporation
(251) 580-9756
204 East 1st Street
BAY MINETTE, AL
Services
Mortgage Brokers

Pen Air Federal Credit Union
(850) 256-4499
8450 North Century Boulevard
CENTURY, FL
Services
Mortgage Brokers

Regions Mortgage
(251) 580-0132
408 Courthouse Square
BAY MINETTE, AL
Services
Mortgage Brokers

Wells Fargo - Bay Minette Main
(251) 580-1582
119 Court House Sq
Bay Minette, AL
Type
Branch
Office Hours
Mon-Thu 08:30 AM-05:00 PM
Fri 08:30 AM-05:30 PM
Sat 08:30 AM-12:00 PM
Sun Closed

Ld Holt And Associates Pc
(251) 937-4111
104 East 3rd Street
Bay Minette, AL
 
Southtrust Mortgage
(251) 580-1569
119 Courthouse Square
BAY MINETTE, AL
Services
Mortgage Brokers

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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Alabama Mortgage Licensing Body

Website: www.banking.alabama.gov

Phone: (334) 242-3452

State: Alabama

Licensed By: State of Alabama Banking Dept.

Additional Info: State of Alabama Banking Dept. http://www.banking.alabama.gov/default.aspx (334) 242-3452 (AL is licensed through the NMLS)