Builder incentive for newly constructed properties with an eligible green building certification or properties built with an eligible green building certification date within 5 years of the closing date. The borrower is then rewarded with a highly energy friendly home for healthier living and savings.
Key Features of SmartGreen:
- Homes Must be Complete: This is not a construction to perm program.
- Product Type: 10, 15, 20 & 30 Year – fixed rate only.
- EnergyStar Required Improvements:
- EnergyStar insulation materials
- EnergyStar certified doors, windows, skylights
- EnergyStar heating/cooling with certified heat pump
- EnergyStar certified high efficiency water heater with heat pump technology
- EnergyStar certified lighting and appliances
- DOE Required Improvements:
- Exterior doors, windows, and skylights must meet EnergyStar requirements
- Insulation and air sealing materials must meet the International Energy Conservation Code standards
- Improved efficiency of mechanical equipment such as heating, cooling and hot water
- Air quality improvements such as installed home ventilation and smart thermostats
- Other items such as installed LEDs, smart power strips, EnergyStar appliances, solar PV, electric vehicle charger
- Solar ready
If you’re interested in becoming an EnergyStar partner, please contact our construction specialists, today!
This is not a commitment to lend or an offer for a rate lock agreement; a pre-qualification is based on a preliminary review of information provided and limited credit information. All home financing transactions are subject to verification of application information, satisfying all underwriting conditions and requirements, and property eligibility, including appraisal and title report. You must carry insurance on the property that secures the transaction, and flood insurance may be required. Any taxes or additional conditions imposed by the city, county or state that the subject property is located in will be the borrower’s responsibility.
