Browsers that can not handle javascript will not be able to access some features of this site.
Skip Navigation

Printer Friendly Version Printer Friendly   Text Only Version Text Version  Share this page.
Energy Efficient Mortgages

What is an energy efficient mortgage?

 

An energy efficient mortgage allows the buyer to get an "income stretch," i.e. the lender can increase the debt-to-income ratio. With an energy efficient mortgage, the home buyer is able to buy "more house," while having lower payments because the energy cost savings are greater than the increases in the mortgage payment. Energy efficient mortgages are sponsored by the Federal Housing Administration, the Veterans Administration, Fannie Mae and Freddie Mac. To locate a FHA approved lender visit: http://www.fhaoutreach.gov/FHALookup.

An energy improvement mortgage is a type of energy efficient mortgage that finances cost-effective improvements in an existing home. The total expended is rolled into the mortgage loan.

 

Find an Energy Efficient Mortgage Provider Near You:

Security Mortgage Corporation                                       
2220 E. Michigan Ave. Suite 103                                      
Lansing, MI 48912                                                           
Phone: (517) 853-0148                                                     
Contact: Norm Ferrier
Email: norm@lansingmortgages.com or norm@energyefficientmortgages.com

Bank of America
40 Pearl St Northwest
Grand Rapids, MI 49501
Phone: 616-262-5963
Contact; Bob Storrer
Related Content
 •  ENERGY STAR for Residential

Michigan Locator

Search any location for State government services, state parks and recreation, or educational entities.

Michigan Weather Radar


Michigan.gov Home | Help & Contacts | Site Map  | Disability Resources | Foreign Languages | Awards | Office of Regulatory Reinvention | State Web Sites
Accessibility Policy | Privacy Policy | Link Policy | Security Policy | Michigan News | Michigan.gov Survey

Copyright © 2001-2012 State of Michigan