Are You...? - Lender

More consumers will be looking to their mortgage lender for options on getting credit for building or remodeling a home that is more energy efficient, has improved air quality and is better built overall, all of which work to increase the value of a home.

There are also an increasing number of Green Loans available. EEMs, Energy Efficient Mortgages, take the energy savings and convert it to more attainable home ownership. A qualified energy efficient home with a green loan has a lower monthly mortgage and can have a lower interest rate than a typical home. The energy savings for the homeowner can be used in paying the mortgage, thus increasing the number of potential homeowners.

Green loans have the backing of Fannie Mae. More information can be found at:

http://www.efanniemae.com/sf/mortgageproducts/fixed/energyefficient.jsp

http://www.resnet.us/ratings/default.htm

http://www.resnet.us/resources/lender/lhandbook/default.htm

Please join us at COSC lunch-n-learns, workshops and use the resources of our continually expanding website.