The Energy Efficient Program allows Conventional and FHA loans to add 100% financing of Energy Efficient Improvements to the loan during refinancing or the purchase of the home. Certified HERS Energy Rating Inspection along with installation costs must be made part of your lenders paperwork before escrow closes. There will be no delaying the loan process or closing escrow due to the Energy Efficient Program. If you are wondering how you begin the process the answer is as soon as possible after the seller has accepted your offer. Once your offer is accepted let your REALTOR and Lender know that you would like to take advantage of the Energy Efficient Program and Energy Rating Inspection. Since the cost of the improvements become part of your mortgage, the interest may be tax deductible. According to United States Department of Energy the national average of energy saving may be up to 50% a month on heating and cooling costs and up to 30% on the annual utility cost. 

 

ELIGIBLE IMPROVEMENT UNDER THE 

ENERGY EFFICIENT PROGRAM:

Central Heat & Air

Replace Old Wall Heat & Window Air with New Central Heat/Air.

Windows

Replace single pane windows with Beautiful Dual Pane Windows.

Doors

Exterior Insulated Solid Core Door and Dual Pane Sliding Glass Doors.

Hot Water Heater

Replace the old existing Water Heater or install On-Demand Hot Water.

Attic - Wall Insulation

Insulation is done of your most important Energy Saving Improvements.

Solar and Renewables

Because the cost of Solar and Renewables usually exceed the funds available

within the Energy Efficient Mortgage, the installed cost of Solar and Renewables

may (at the lenders discretion) be financed within the streamline 203(k) Program.

Other Available Energy Savers

Check the home and ductwork for Leaks Install Weather Stripping and Caulking,

Florescent lighting.

 

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