Home Mortgage Lenders Bismarck ND

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

Credit Union Association of  the Dakotas
(701) 258-5760
2005 North Kavaney Drive
Bismarck, ND
 
Bank Center First
(701) 258-2611
320 N Fourth Street
Bismarck, ND
 
North Dakota Bankers Association
(701) 223-5303
PO Box 1438
Bismarck , ND
 
Bnc National Bank
(701) 250-3000
322 E Main Street
Bismarck, ND
 
Burleigh County Housing Authy
(701) 255-2540
410 South 2Nd Street
Bismarck, ND
 
Credit Union Association of the Dakotas
(701) 258-5760
2005 North Kavaney Drive
Bismarck, ND
 
Capital Credit Union
(701) 255-0042
204 W Thayer Avenue
Bismarck, ND
 
North Dakota Housing Fin Agency
(701) 328-8080
1500 East Capital Avenue
Bismarck, ND
 
Starion Financial
(701) 223-6050
333 N 4Th Street
Bismarck, ND
 
Americas Home Loans LLC
(701) 222-0100
1035 S Washington Street
Bismarck, ND
 

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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