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Energy StarWe provide The HERS Rating & Documentation There is an emerging market force towards energy efficient homes. From Florida to Alaska mortgage lenders are increasingly using energy mortgages to make homes more affordable and poising their companies to capture this new market trend. In 1995 the Residential Energy Services Network (RESNET) was formed as a partnership between the national mortgage industry, Energy Rated Homes of America, and the National Association of State Energy Officials. RESNET’s mission is to qualify more families for home ownership and improve the energy efficiency of the nation’s housing stock by expanding the national availability of mortgage financing options and home energy ratings. RESNET is guided by a National Mortgage Industry Steering Committee. The RESNET Mortgage Industry Steering Committee has identified the following reasons why the mortgage industry should support energy efficiency: * Increase the volume of mortgage loans * Qualify more first time home buyers for mortgage loans * Reduce the cost of home ownership * Reduce America’s dependence on imported oil and aid the environment 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. A recent analysis by the Environmental Protection Agency confirmed that energy efficient mortgages can have a dramatic impact on increasing the opportunities for home ownership. The analysis found that an average of 6.8% more families would be able to qualify for a mortgage through an energy efficient mortgage. Another study published in the Appraisal Journal documented that the market value of a home increases $20 for every $1 decrease in the annual energy costs. According to a recent analysis by the Pacific Northwest National Laboratory building a home to exceed the Model Energy Code would result in an annual savings of $170 to $425. Applying these findings to the analysis published in the Appraisal Journal would equate to an increased home market value of between $4,250 to $10,625. Fannie Mae, Freddie Mac, FHA and VA has adopted special underwriting guidelines to make financing energy efficiency less burdensome.


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MORTGAGE LINC LLC NMLS #203649 2131 Data Office Dr. SUITE 240 BIRMINGHAM, AL 35244
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