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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Premier Mortgage Financial
3001 Greystone Square
Suite 100
Jackson, TN 38305
brandy_deloach@yahoo.com

Local: (731) 668-8891
Toll-Free: (877) 668-8891

LICENSING

Brandy DeLoach NMLS #162256
PMF Branch NMLS #226192

Equal Housing Lender