Energy Efficient Mortgage
We are now offering Fannie Mae’s HomeStyle Energy Mortgage. It allows up to 15% of the “as completed” appraised property value. 100% of the funds must go toward the energy improvement costs (which may include the cost of the energy report, if paid for by the borrower).
One of the following reports is required:
- Home Energy Rating Systems (HERS) report. (www.resnet.us);
- Department of Energy (DOE) Home Energy Score Report (http://energy.gov/eere/buildings/home-energy-score-information-interested-assessors) ; or
- A comparable rating report completed by an independent and certified home energy consultant or assessor if permitted under a local or state-level home energy certification of evaluation program.
Call us with any questions (954) 903-7256!