Home Mortgage Lenders Magna UT

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

Utah Housing Corporation
(801) 902-8200
2479 Lake Park Blvd
Salt Lake City, UT
 
Wells Fargo Bank Na
(801) 304-4828
1231 W 9000 S Ste B
West Jordan, UT
 
Countrywide Home Loans Inc
(801) 280-7640
7116 Plaza Center Dr Ste 170
West Jordan, UT
 
Cardinal Mortgage Services LLC
(801) 566-9233
1787 West 7000 South
West Jordan, UT
 
Novastar Mortgage Inc
(800) 391-4465
2650 Decker Lake Blvd
Salt Lake City, UT
 
Mortgage Partner Inc
(801) 964-2616
1743 West 6200 South
Salt Lake City, UT
 
Financial Freedom Senior Funding Corp
(801) 280-6685
4503 Ripple Dr
West Jordan, UT
 
Mountain America Credit Union
(801) 325-6241
7181 Campus View Dr
West Jordan, UT
 
Cyprus Credit Union
(801) 260-7600
3876 Center View Way
West Jordan, UT
 
Keybank National Association
(801) 535-1001
50 South Main Street
Salt Lake City, UT
 

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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Utah Mortgage Licensing Body

Website: www.realestate.utah.gov

Phone: (801) 530-6747

State: Utah

Licensed By: Utah Division of Real Estate

Additional Info: Utah Division of Real Estate (801) 530-6747 http://www.realestate.utah.gov/ (UT is licensed through the NMLS)