A Velux Solar Water Heating System can help qualify a home for an EPA Five Star Home energy-efficiency mortgage (EEM) with more favorable terms, such as cash back at closing or increased debt-to-income ratio. And due to monthly energy savings, a home buyer can afford to include additional upgrades in their new home package; even if you choose a conventional mortgage.

How Energy Financing Programs Work

1.) For new and existing homes in which the energy efficiency can be improved, these programs allows for the money saved in monthly energy bills, as documented in a HERS report, to finance the energy improvements. Some programs allow for greater debt-to-income and loan-to value ratios.

2.) For an already energy efficient home it could mean allowing the borrower a greater debt-to-income ratio, giving them the ability to buy a higher quality home because of the lower monthly heating and cooling documented in a HERS report.

For more information please follow the links below.


http://www.hud.gov/offices/hsg/sfh/eem/eemhog96.cfm

http://www.pueblo.gsa.gov/cic_text/housing/energy_mort/energy-mortgage.htm

http://www.energystar.gov/index.cfm?c=bldrs_lenders_raters.energy_efficient_mortgage

http://www.energystar.gov/index.cfm?fuseaction=new_homes_partners.showIncentives&s_code=CO