Home Mortgage Lenders Fairbanks AK

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

Northern Schools Federal Cu
(907) 459-5970
1417 Gillam Way
Fairbanks, AK
 
Alaska Usa Mortgage Co LLC
(907) 455-4400
1292 Sadler Way Ste 115
Fairbanks, AK
 
Mt Mckinley Bank
(907) 452-1751
530 Fourth Avenue
Fairbanks, AK
 
Frontier Mortgage And Investments
(907) 479-8686
733 7th Avenue
Fairbanks, AK
 
Wells Fargo - Cushman
(907) 459-4300
613 Cushman St
Fairbanks, AK
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 10:00 AM-04:00 PM
Sun Closed

Denali State Bank
(907) 458-4238
119 N Cushman St
Fairbanks, AK
 
Twin City Bank
(907) 374-4763
59 College Road Suite-109
Fairbanks, AK
 
True North Federal Credit Union
(907) 328-4783
1211 Cushman St
Fairbanks, AK
 
Spirit Of Alaska Federal Credit Union
(907) 459-5974
1417 Gillam Way
Fairbanks, AK
 
Alaska Usa Mortgage Company Llc
(907) 455-4400
1292 Sadler Way Ste 115
Fairbanks, AK
 

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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Alaska Mortgage Licensing Body

Website: www.commerce.state.ak.us

Phone: (907) 269-4594

State: Alaska

Licensed By: Alaska Dept. of Commerce

Additional Info: Alaska Dept. of Commerce (907) 465-2530 http://www.commerce.state.ak.us/ (AK is licensed through the NMLS)