Energy Tough Love (low burning bank loans)

Wednesday, August 08, 2007

Energy Tough Love

New Homes Partner Results in All States

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ENERGY STAR mortgages are designed to help home buyers purchase an ENERGY STAR qualified new home by allowing the home buyer to qualify for a larger loan, reduce closing costs, and/or offset the cost of a home energy rating. The following is a list of ENERGY STAR lender partners and basic information about their ENERGY STAR mortgage programs. Please contact lenders directly for details and current information.

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Special Financing
Hoosier Mortgage Anderson, IN 765-622-1620 2006
Illini Bank Springfield, IL 217-547-9671 2007

This is a partial listing of banks that will offer Environmental Mortgages  at the Energy Star website. Illini Bank is currently offering them in Springfield, IL! I hope that someday this is universal for both the current housing stock and new builds. Just think what a change in mentality it would be if every housing lender in the country said to all their customers, “That house could use an energy upgrade and here is the deal I can put together for you”. The next time you buy or build a house, please ask about this program.

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