Home Mortgage Lenders South Burlington VT

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 South Burlington and information on home mortgage rates, home loans, and mortgage calculators.

First Horizon Home Loan Corporation
(802) 824-9400
1233 Shelburne Rd Ste 205
South Burlington, VT
 
Keybank National Association
(802) 658-1810
149 Bank Street
Burlington, VT
 
Vermont Housing Finance Agency
(802) 864-5743
164 Saint Paul Street
Burlington, VT
 
Chittenden Trust Company
(802) 658-4000
Two Burlington Square
Burlington, VT
 
Wells Fargo Bank Na
(802) 879-3559
300 Interstate Corp Ctr Ste 10
Williston, VT
 
Ctx Mortgage Company LLC
(802) 846-2891
62 Tilley Drive Suite 202
South Burlington, VT
 
Gmac Mortgage LLC
(802) 660-0999
346 Shelburne Road
Burlington, VT
 
Summit Financial Center Inc
(802) 863-0403
112 Lake Street
Burlington, VT
 
New England Federal Credit Union
(800) 400-8790
141 Harvest Ln
Williston, VT
 
National City Bank
(802) 879-4424
75 Talcott Rd Ste 70
Williston, VT
 

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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