HomeStyle Energy Mortgage
Now offering HomeStyle Energy Mortgage! This loan is designed for borrowers to make upgrades to reduce utility costs and improve the comfort and safety of their homes with protective improvements. May be used for upgrades to energy and water systems including solar, property improvements for better resilience to natural disasters, new windows and doors, and to pay off other energy-related debt.
Features:
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- $500 credit to borrower at closing
- Max LTV (1-unit owner occupied) up to 97%
- Energy Related Financed Improvements
- Up to 15% of “as completed” appraised property value
- All 1-4 unit existing properties
- All occupancy types permitted
- Can be used to pay off other energy related financing
- Max DTI per DU
Energy Star-Certified Improvements – https://www.energystar.gov/products/products_list
Fannie Mae Selling Guide> HomeStyle Energy for Improvements