Home Mortgage Lenders Yankton SD

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

First National Bank South Dakota
(605) 665-9611
332 Broadway Ave
Yankton, SD
 
First Dakota National Bank
(605) 665-7432
225 Cedar St
Yankton, SD
 
First Dakota National Bank Downtown Location
(605) 665-7432
225 Cedar Street
Yankton, SD
 
First Dakota National Bank - North Location
(605) 665-4999
2105 Broadway Avenue
YANKTON, SD
Services
Mortgage Brokers

Home Federal Bank
(605) 665-8205
2100 Broadway Avenue
YANKTON, SD
Services
Mortgage Brokers

First Dakota National Bank
(605) 665-7432
225 Cedar Street
Yankton, SD
 
Wells Fargo - Yankton North
(605) 665-0130
1920 Broadway Ave
Yankton, SD
Type
Branch
Office Hours
Mon-Fri 08:00 AM-06:00 PM
Sat 08:00 AM-12:00 PM
Sun Closed

Cortrust Bank
(605) 668-0800
2405 Broadway Avenue
YANKTON, SD
Services
Mortgage Brokers

Primerica Financial Services - Don Neukirch
(605) 668-9393
1719 Broadway Avenue
YANKTON, SD
Services
Mortgage Brokers

Primerica Financial Services Don Neukirch
(605) 668-9393
1719 Broadway Avenue
Yankton, SD
 

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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South Dakota Mortgage Licensing Body

Website: www.state.sd.us

Phone: (605) 773-3421

State: South Dakota

Licensed By: SD Division of Banking

Additional Info: SD Division of Banking http://www.state.sd.us/drr2/reg/bank/BANK-HOM.htm (605) 773-3421 (SD is licensed through the NMLS)