Home Mortgage Lenders Salem OR

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

Mortgage First Corporation
(503) 588-3511
615 Commercial St Se # 205
Salem, OR
 
Prime Financial Group Inc
(503) 585-5530
698 12Th St Se
Salem, OR
 
Home123 Corporation
(503) 588-2667
3400 State St Ste G780
Salem, OR
 
State Or Dept Veterans Affairs
(503) 373-2000
700 Summer St Ne
Salem, OR
 
Sunset Mortgage Company
(503) 585-4489
198 Commercial St Suite-260
Salem, OR
 
Willamette Valley Bank
(503) 485-2222
101 High St Ne
Salem, OR
 
State Treasury State Ore
(503) 373-7317
350 Winter St Ne Ste 100
Salem, OR
 
Mortgage West Inc
(503) 371-0289
237 State Street
Salem, OR
 
Countrywide Home Loans Inc
(503) 588-3250
3882 Center St Ne
Salem, OR
 
Oregon Housing And Community Srvcs Dept
(503) 986-2000
1600 State Street
Salem, OR
 

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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Oregon Mortgage Licensing Body

Website: www.dfcs.oregon.gov

Phone: (503) 378-4140

State: Oregon

Licensed By: Division of Finance & Corp. Securities

Additional Info: Division of Finance & Corp. Securities 503-378-4140 http://www.dfcs.oregon.gov/index.html (OR is licensed through the NMLS)