Read this article, titled Mortgage Loans with a Green Touch to find out how to finance high-efficiency windows and doors, heating and ventilating systems, solar panels, geothermal systems, insulation and duct sealing, among other retrofits.
There are two options: a FHA “PowerSaver” up to $25,000 20 year loan and a Fannie Mae’s “energy improvement” mortgage add-on program. The Fannie Mae option is significantly different from FHA’s. Rather than a separate loan to finance the energy retrofits, Fannie folds the cost of the improvements — capped at up to 10 percent of the estimated market value of the home following the energy efficiency enhancements — into the mortgage amount itself.
Speak to your mortgage lender to find out if they can help you secure one of these two new products.
About the author: The above Real Estate information on Marin County Real Estate was provided by Sylvie Zolezzi. I can be reached via email at Sylvie@YourPieceOfMarin.com or by phone/text at 415.505.4789. I help people move in and out of Marin County, just north of the Golden Gate Bridge.
I am here to help you make the smartest real estate move and build wealth, providing you with reliable real estate information and advice you can trust.
My knowledge and passion for Marin County are equaled by my commitment to helping you successfully navigate the process of buying and selling a home. My business model enables me to provide superior service and a better client experience. I know the neighborhoods, the schools, the amenities; I know where you want to live. I know and love Marin County!