Home Mortgage Lenders Minot ND

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

Dacotah Bank
(701) 377-2386
2401 N Broadway
Minot, ND
 
First Western Bank And Trust
(701) 852-3711
900 South Broadway
Minot, ND
 
US Bank - South Office
(701) 852-3374
1925 S Broadway
Minot, ND
Drive Up Hours
Mon 08:00 am to 05:30 pm
Tue 08:00 am to 05:30 pm
Wed 08:00 am to 05:30 pm
Thur 08:00 am to 05:30 pm
Fri 08:00 am to 05:30 pm
Sat 09:00 am to 12:00 pm

Bremer Located In Marketplace Foods
(701) 857-1414
1930 South Broadway
Minot, ND
 
Top Flite Financial Inc
(517) 655-2140
315 Main St S Ste 203
Minot, ND
 
First International Bank And Trust
(701) 839-2170
1600 South Broadway
Minot, ND
 
Town And Country Credit Union
(701) 852-2018
615 South Broadway
Minot, ND
 
First Western Bank & Trust
(701) 852-3711
900 South Broadway
MINOT, ND
Services
Mortgage Brokers

First International Bank And Trust
(701) 839-2170
1600 South Broadway
Minot, ND
 
Inland National Securities Inc Mortgage Loan Divsn
(701) 839-7600
21 Main Street South Suite 101
MINOT, ND
Services
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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