Location Efficiency Mortgage (LEM)

Location Efficiency Mortgage (LEM)

Location Efficient Mortgage (LEM):

 

Location Efficient Mortgages are available to individuals purchasing more expensive homes in areas where with efficient public transportation systems. These loans take into account monies saved on the expenses related to owning or leasing automobiles.
 
While LEM loans will allow a purchaser to buy a house that is more expensive than they would qualify for using a traditional mortgage, it does not lower the monthly payment.
 
LEM loans are only available in certain markets:
 
·         Chicago, IL
·         Los Angeles, CA
·         San Francisco, CA
·         Seattle, WA

 

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Licensing

Roseann Shannon
NMLS #263108
Shannon Investments, LLC
NMLS #1756744
Licensed in Nevada, Utah, California, Texas, Arizona, Oregon and Florida.

NMLS Consumer Access

Five Star Mortgage, Mortgage Broker, Henderson, NV
Best Henderson Mortgage Brokers

Contact Us

Five Star Mortgage
9065 S Pecos Rd
Suite 200
Henderson, NV 89074

Number:
702-947-7827

Hours:
MON-FRI 8:30AM - 5PM