Home Mortgage Lenders Deming 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 Deming and information on home mortgage rates, home loans, and mortgage calculators.

First New Mexico Bank
(575) 546-2691
300 S Gold Ave
Deming, NM
 
Wells Fargo - Deming
(575) 544-6640
223 S Gold Ave
Deming, NM
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Compass Bank
(505) 888-9080
505 Marquette Nw
Albuquerque, NM
 
Pioneer Bank
(505) 258-5858
1095 Mechem
Ruidoso, NM
 
Home123 Corporation
(505) 878-0200
6565 Americas Pkwy Ne Ste 620
Albuquerque, NM
 
State National Bank
(505) 544-7345
411 Cody Road
DEMING, NM
Services
Mortgage Brokers

L P Financial Inc
(505) 858-0281
4113 Eubank Blvd Ne Ste 200
Albuquerque, NM
 
American Financing Corp
(505) 839-8200
2929 Coors Road Nw Suite 100-P
Albuquerque, NM
 
Primary Residential Mortgage Inc
(505) 881-0601
2917 Carlisle Blvd Ne Ste 104
Albuquerque, NM
 
I/c Home Mortgage Services
(505) 828-2817
6711-B Academy Ne
Albuquerque, 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)