The Key to Energy Mortgages

Home energy ratings, such as those provide by Green Energy Management Solutions, provide a standard measurement of a home’s energy efficiency. Ratings are used for both and new and existing homes. A rating report can include all of the information that you need to underwrite an energy mortgage including the calculation of the monthly energy savings and present value. It makes it easy for a lender! Contact Us today to rate your home!

Even in today’s economy, There is an emerging market force towards energy efficient homes. Mortgage lenders are increasingly using energy mortgages to make homes more affordable.

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 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. This can be especially helpful if you are looking to sell your home now, or at any time during this tight housing market.
• Energy Improvement Mortgage – Finances the energy upgrades of an existing home in the mortgage loan using monthly energy savings. This can play a big part if you are in the market to refinance.

The ability to leverage a home buyer’s investment in energy efficiency increases the number
of qualified home buyers and increases the purchasing power of the consumer.