Location Efficient Mortgage (LEM)

Location Efficient Mortgages are available to individuals purchasing more expensive homes in areas 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

John The Mortgage Man

4.9

Jeremy Dean

06:16 07 Mar 19

John the Mortgage Man worked to get me and my wife into our first home this year! We had some issues with low funds, high debt and bad credit, but John helped us to determine how much we needed to save up to get in the home we wanted. Once we got there John was able to hook us up with a lender and get us a good deal on a loan. We closed in just over two weeks from the time we found a house that we wanted! John always made us feel at ease and answered any questions we had. Very knowledgeable, very responsive and very kind! Thank you John for everything! Highly recommend!!!read more

John McCoy

15:12 19 Feb 19

John made getting our loan processed very efficient and worry free. He will do the same for you!

19:47 20 Oct 18

12 days from application to closing, now that's fast! Great overall service, everything John said he would do, he did it. My clients were thrilled.read more

Frank J Rosati

19:15 20 Oct 18

John made everything easy for the purchase. He had everything covered (all the associated costs, paperwork) that I needed to close. It was a pleasure to work with him again (this is my second time working with John) and I would highly recommend him to anyone looking to finance a home.read more

debbie powell

19:05 19 Aug 18

John goes out of the way for you to make sure you are informed, kept up to date, and always professional. Definitely goes the extra mile to help! Everything is done in a timely manner. Thanks so much John! This is my second mortgage through John McCoy and team.read more

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Location Efficient Mortgage (LEM)

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