Home Mortgage Lenders Westerly RI

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

Washington Trust Company
(401) 348-1360
23 Broad Street
Westerly, RI
 
Chartway Federal Credit Union
(401) 783-3263
172 Main Street
Wakerfield, RI
 
Bankstreet Mortgage LLC
(860) 442-2333
6 Shaws Core Suite 300
New London, CT
 
Dime Bank
(860) 859-4300
290 Salem Turnpike
Norwich, CT
 
Washington Trust Company Westerly
(401) 348-1367
126 Franklin Street
Westerly, RI
 
First Horizon Home Loan Corporation
(401) 736-2240
107 Wilcox Rd Ste 101
Stonington, CT
 
Gmac Mortgage LLC
(860) 448-1655
216 Broad Street
New London, CT
 
Chelsea Groton Savings Bank
(860) 823-4800
1 Franklin Sq
Norwich, CT
 
Citizens Bank - Westerly SS
(401) 348-1083
20 Post Road
Westerly, RI
Type
Branch
Office Hours
Mon: 10AM-7PM
Tue: 10AM-7PM
Wed: 10AM-7PM
Thu: 10AM-7PM
Fri: 10AM-7PM
Sat: 10AM-5PM
Sun: 11AM-3PM

Westerly Savings Bank
(401) 596-2911
8 Union Street
Westerly, RI
 

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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Rhode Island Mortgage Licensing Body

Website: www.dbr.ri.gov

Phone: (401) 462-9503

State: Rhode Island

Licensed By: Rhode Island Dept. of Business Regulation Division of Banking

Additional Info: Rhode Island Dept of Business Regulation Division of Banking (401) 462-9503 http://www.dbr.ri.gov/divisions/banking/(RI is licensed through the NMLS)