Home Mortgage Lenders Mason City IA

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 Mason City and information on home mortgage rates, home loans, and mortgage calculators.

First Citizens National Bank
(641) 423-1600
2601 4Th St Sw
Mason City, IA
Bank of America
(641) 421-1071
1503 4th Street Southeast
Mortgage Brokers

North Iowa Community Credit Union
(641) 424-2281
640 South Federal Avenue
Mortgage Brokers

(641) 421-8500
2800 4th Street Southwest Suite 4
Mortgage Brokers

Northwoods State Bank
(641) 423-7638
2650 4th Street Southwest
Mortgage Brokers

Palmer Mortgage Group Inc
(641) 423-6622
603 South Federal Avenue
Mortgage Brokers

Cerro Gordo Abstract Co
(641) 423-1145
10 North Washington Avenue Suite 300
Mason City, IA
Wells Fargo - Mason City West
(641) 423-1720
1315 4Th St Sw
Mason City, IA
Office Hours
Mon-Thu 07:30 AM-05:30 PM
Fri 07:30 AM-06:00 PM
Sat 08:00 AM-02:00 PM
Sun Closed

Bank Of America Banking Centers Mortgages
(641) 421-1081
25 West State Street
Mason City, IA
Iowa Mortgage Express
(641) 422-0015
2019 4th Street Southwest
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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Iowa Mortgage Licensing Body

Website: www.idob.state.ia.us

Phone: (515) 281-4014

State: Iowa

Licensed By: Iowa Division of Banking

Additional Info: Iowa Division of Banking - 515-281-4014 http://www.idob.state.ia.us/ (IN is licensed through the NMLS)