Energy Efficiency Financing

By choosing to purchase an ENERGY STAR qualified home, you have opened the door to increased financing options. Ask your preferred lender about financing for ENERGY STAR qualified homes.

EEMs recognize that energy-efficient homes cost homeowners less to operate on a monthly basis than standard homes because they use less energy. Homebuyers who chose energy-efficient homes can afford to spend more on their housing expenses because they will likely spend less on their energy costs. The EEM benefits those buying new, energy-efficient homes or those purchasing existing homes that need energy improvements.

What information does my lender need to demonstrate that my home is energy efficient?

Mortgage lenders need the rating report generated when the HERS Rater determines the home’s final HERS Index. The rating report compares the energy-efficient home against a similar home meeting the minimum energy requirements of the International Energy Conservation Code (IECC) (often called the “reference home”). The rating report will provide the following data required by the mortgage lender for an EEM:

• Estimated monthly energy savings
• Value of the energy efficient measures – known as the Energy Savings Value

For more information on EEMs for new energy-efficient homes or to find a lender who offers EEMs, please visit www.natresnet.org.

Texas Veterans Land Board Loans (TVLB)

Are you a veteran? Texas Veterans Land Board offers reduced interest rate loans for Texas veterans. All new, single family residential construction must earn the ENERGY STAR to qualify for a TVLB loan.

For more information visit www.texasveterans.com or call 1.800.252.VETS.