Home Mortgage Lenders Saco ME

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

Saco Valley Credit Union
(207) 282-6169
312 Main Street
Saco, ME
 
Allied Home Mortgage Capital Corporation
(207) 885-5070
360 Us Route 1 Ste 300
Scarborough, ME
 
First Horizon Home Loan Corporation
(207) 756-6055
21 Donald B Dean Dr
South Portland, ME
 
Residential Mortgage Svcs Inc
(207) 775-6105
24 Christopher Toppi Dr
South Portland, ME
 
Kennebunk Savings Bank
(207) 985-4903
104 Main St
Kennebunk, ME
 
Ocean Communities Federal Credit Union
(207) 284-5918
1 Pool Street
Biddeford, ME
 
Alpine Mortgage Corporation
(207) 775-7717
1478 Broadway
South Portland, ME
 
Wells Fargo Bank Na
(207) 772-4701
400 Southborough Dr
South Portland, ME
 
Downeast Mortgage Corporation
(207) 773-6161
261 Gorham Road
South Portland, ME
 
Gorham Savings Bank
(207) 839-5209
10 Wentworth Dr
Gorham, ME
 

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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Maine Mortgage Licensing Body

Website: www.maine.gov

Phone: (207) 624-8500

State: Maine

Licensed By: Dept. of Professional & Financial Regulation

Additional Info: Dept. of Professional & Financial Regulation (207) 624- 8500http://www.maine.gov/pfr/index.shtml