Home Mortgage Lenders Enid OK

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

Bank Of Oklahoma Na
(405) 242-3838
102 South Van Buren
Enid, OK
 
Liberty Federal Savings Bank
(580) 234-5313
401 W Broadway Ave
Enid, OK
 
Security National Bank
(405) 234-5151
201 West Broadway
Enid, OK
 
Production Credit Association
(580) 237-2535
Enid, OK
 
Central National Bank And Trust
(580) 233-3535
324 W Broadway Ave
Enid, OK
 
Central National Bank And Trust
(580) 233-3535
324 West Broadway
Enid, OK
 
National Bank Of Commerce
(405) 477-1100
3202 W Owen K Garriott
Enid, OK
 
Maximum Mortgage
(580) 234-4444
601 South Harding Street
ENID, OK
Services
Mortgage Brokers

Bank of Oklahoma NA - Mortgage
(580) 548-8528
Enid, OK
 
Brummal And Associates
(580) 234-2891
114 East Broadway Avenue Suite E
Enid, OK
 

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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