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Why Become an ENERGY STAR Mortgage Partner?

Because ENERGY STAR qualified new homes offer you the opportunity to:

  • Write Larger Loans

  • Write More Loans
  • Write Safer Loans
  • Demonstrate Environmental Leadership
  • Help Meet Your Community Re-investment Act (CRA) Requirements

More info about becoming a partner HERE

 

LENDERS

 

    There is an emerging market force towards energy efficient homes. All around the country mortgage companies are increasingly using energy mortgages to make homes more affordable and positioning their companies to capture this new market trend.

What is an energy mortgage? An energy mortgage is a mortgage that credits a home’s energy efficiency in the home loan. There are two types of energy mortgages:

Energy Improvement Mortgage - Finances the energy upgrades of an existing home in the mortgage loan using monthly energy savings

Energy Efficient Mortgage - Uses the energy savings from a new energy efficient home to increase the home buying power of consumers and capitalizes the energy savings in the appraisal

The RESNET Mortgage Industry Steering Committee has identified the following reasons why the mortgage industry should support energy efficiency:

  • Increase the volume of mortgage loans
  • Qualify more first time home buyers for mortgage loans
  • Reduce the cost of home ownership
  • Reduce America’s dependence on imported oil and aid the environment

Lenders Benefits

  • Receive Community Reinvestment Act (CRA) credits
  • Increased confidence in the marketability of the home in case of default
  • Participate in various federally endorsed energy mortgage program

LENDER’S ENERGY MORTGAGE HELP LINE

Planning to make an energy mortgage and have questions? To assist mortgage lenders RESNET has started a lender’s help line. To have your questions answered click on:

LENDERS GUIDE TO ENERGY EFFICIENT MORTGAGES

The Guide is an overview of Energy Efficient Mortgages (EEMs) and a collection of documents and information that have been issued by the listed organizations with guidelines for how to issue and manage EEMs.

Go to Energy Efficiente Mortagages to learn more

 

The information describe above was obtain from: http://www.natresnet.org/lenders/default.htm

 

 

 

All rights reserved.Copyright © 2006Southwest  Energy Conservation, LLC
Revised: 12/05/08.