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

Los Alamos National Bank
(505) 662-5171
1200 Trinity Drive
Los Alamos, NM
Espanola Valley Mortgage LLC
(505) 747-6498
1811 North Riverside Drive Suite C
Mortgage Brokers

Espanola Abstract Co Inc
(505) 753-2248
224 Los Alamos Highway
Espanola, NM
(505) 747-6838
1023 North Riverside Drive
Mortgage Brokers

Valley Abstract And Title Co Inc
(505) 753-6064
1120 Industrial Park Road
Espanola, NM
Del Norte Credit Union
(505) 753-5228
1216 Paseo De Onate
Mortgage Brokers

Wells Fargo - Espanola
(505) 753-2308
645 N Riverside Dr
Espanola, NM
Office Hours
Mon-Fri 08:00 AM-06:00 PM
Sat 09:00 AM-04:00 PM
Sun Closed

Valley National Bank
(505) 753-2136
322 North Riverside Drive
Mortgage Brokers

Chamisa Realty
(505) 753-2258
523 East Fairview Lane
Mortgage Brokers

Century Bank
(505) 367-1200
North Riverside Drive
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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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)