Provides Aurora real estate mortgage insurance for a person to purchase or refinance a principal residence and incorporate the cost of energy efficient improvements into the mortgage. The mortgage loan is funded by a lending institution, such as a mortgage company, bank, savings and loan association and the mortgage is insured by HUD.

What are the eligibility requirements for Aurora real estate mortgage assistance?

Borrowers are eligible for approximately 97% financing. Borrowers are able to finance closing costs and the up front mortgage insurance premium into the mortgage. Borrowers are also responsible for paying an annual premium.

Eligible Aurora properties are one to two existing units and new construction.

The cost of the energy efficient improvements that may be eligible for financing into the mortgage is the greater of 5% percent of the property's value (not to exceed $8,000) or $4,000.

To be eligible for inclusion in the mortgage, the energy efficient improvements must be cost effective, meaning that the total cost of the improvements is less than the total present value of the energy saved over the useful life of the energy improvement.

The cost of the energy improvements and estimate of the energy savings must be determined by a home energy rating system (HERS) or energy consultant. Up to $200 of the cost of the energy inspection report may be included in the mortgage.

- Aurora Real Estate

There are many real estate options in Aurora, from residential to commercial. And no matter what type of borrower you are you can get a Aurora real estate loan from us. We cater to new and experienced buyers with any amount of income. Whether you’re self-employed or you receive a steady paycheck each month, we have a loan program that fits your unique situation. Buying real estate in Aurora will most likely be the biggest investment of your life—and the best. With our history of helping people in Aurora buy real estate we can help you attain what you didn’t think you were capable of. The first step of the process is to fill out the form above with all the applicable information and one of our Aurora real estate experts will get you started.

- Buying Real Estate in Aurora Is a Good Investment!

Don’t throw your money away on paying someone else rent. Instead, buy a house in Aurora and pay for your own mortgage. If you already own a house, why not buy another one and make money off of it? If you think you can’t afford a house in Aurora, think again. We have a variety of different loan programs to choose from, including first time buyer mortgages, second mortgages, construction loans and self-employed loans. Even some government agencies like the FHA (Federal Housing Administration) and the VA (Veteran’s Administration) offer mortgage insurance so anybody can get a low cost mortgage. Fill out the form above to see what type of loan you can qualify for and one of our expert Aurora representatives will get in touch with you.