Manufactured Home Dealers Help You Pre-Qualify For A Better Home Mortgage Loan

Manufactured home dealers will allow you to choose energy efficient materials and appliances that will save you money each month for the life of your home. You will also be able to pre-qualify for an even better home mortgage loan because the bank knows that you can spend more each month on your home loan and not on your utilities.

Manufactured home dealers can point out energy savings improvements that will save you money every month. In some cases these savings are quite significant and lenders realize this. The bank actually figures if you spend less on heat and power, then you will be able to afford more money each month toward your mortgage. You don't think the bank will miss an opportunity to loan you more money do you?

They might. You may need to ask your lender about a EEM, or an Energy Efficient Mortgage. They are available in every state but not all banks will know that you want to take advantage of the extra funds available to you.

How much are we talking here? You need to determine your own situation based on your monthly income. If you make $4000 each month, the bank figures you can spend 28% on housing, or $1120 each month. If you are spending less on utilities the bank feels you can spend 30% on housing, or $1200 each month.

This means, on the same brand new home, the bank will loan you $145,000 or they can loan you $157,000 for you to make energy efficient improvements. You will end up with a more comfortable home that saves you money month to month.

Everyone who qualifies for a home mortgage loan qualifies for an Energy Efficient Mortgage

You're thinking about getting central air conditioning in your new home? Now you can select the most energy efficient unit on the market. Each month you will pay less to cool your new home. You were able to get a great discount on the unit in the first place because your manufactured home dealer, who is using his buying power to cut your costs, bought your air conditioner at his discount.

Not only does your new air conditioning unit use less electricity each month, but the overall energy efficiency of your new home means it will run less. The upgrades that an Eergy Efficient Mortgage allows you to make will insulate your home from the cold in the winter, and from the heat in the summer. Better vapor barriers and insulation will make more efficient walls. The extra home mortgage loan will let you purchase energy efficient Andersen windows, which also look far better than other windows.

An Energy Efficient Mortgage has other beneficial aspects. Asthma sufferers benefit from the air tight environment of a home that has no drafts. Also, a well insulated home is shielded from outside noise. And because your air conditioner and furnace run less, your home is much quieter.

You get a lot more choice of brand-name energy efficient appliances and materials when you buy from a manufactured home dealer. This way, you can fine-tune your choice of materials to fit your budget.

Everyone who qualifies for a home mortgage loan qualifies for an EEM. Older homes will qualify for upgrades, new homes, and new construction too.

Manufactured home dealers will offer you several home specification choices. This makes it easier to fit your budget because there is a large cost/square foot price range. It doesn't matter if you are looking to spend $85/square foot or $225/square foot.

Discover how manufactured home dealers use their buying power to save you money.