Home Mortgage Lenders Fairhaven MA

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

Castle Mortgage Brokerage Inc
(508) 995-0740
1819 Acushnet Avenue
New Bedford, MA
 
Southcoast Mortgage And Investment
(508) 717-6744
651 Orchard Street
New Bedford, MA
 
Mortgage Associates Inc
(508) 992-3400
125 Faunce Corner Rd Unit C
North Dartmouth, MA
 
Southcoast Mortgage And Investment
(508) 324-4869
875 State Rd
Westport, MA
 
First Horizon Home Loan Corporation
(978) 646-4700
275 Martine St Ste 203
Fall River, MA
 
Wells Fargo Bank Na
(508) 979-4982
143 Union St
New Bedford, MA
 
First Interstate Financial
(888) 389-9878
One Shirley Street
South Dartmouth, MA
 
The Mortgage Group Ltd
(774) 628-0075
670 State Road
North Dartmouth, MA
 
Sallie Mae Home Loans Inc
(781) 335-1122
2360 Cranberry Hwy
West Wareham, MA
 
Gmac Mortgage LLC
(508) 679-9003
101 Sullivan Drive
Fall River, MA
 

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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Massachusetts Mortgage Licensing Body

Website: www.mass.gov

Phone: (617) 956-1501

State: Massachusetts

Licensed By: Massachussets Div if Banks/Office of Consumer Affairs & Business Regulation

Additional Info: Regulated by Massachusetts Division of Banks/Office of Consumer Affairs & Business Regulation - (617) 956-1501 http://www.mass.gov/?pageID=ocaagencylanding&L=4&L0=Home&L1=Government&L2=Our+Agencies+and+Divisions&L3=Division+of+Banks&sid=Eoca (MA is licensed through the NMLS)