Posted by Admin . on Monday, November 21st, 2011 at 2:41pm.

It’s no secret that green housing is a trend on the rise.  For years now, homeowners have been making green renovations, and buyers are on the look-out for eco-friendly homes. As a result, many lenders are offering larger loans, or discounts, to buyers who are making eco-conscious improvements to their homes. The reasoning behind the incentives offered to eco-friendly buyers is relatively simple.  When a home is energy-efficient, it has lower utility bills. The money saved from the bills can be counted as income, so buyers are able to qualify for a larger loan in order to increase home efficiency. Wondering if your green improvement can qualify you for a green loan? Ask yourself if your eco-friendly fix-up will lower your energy bills. If not, then you probably don’t qualify.

If you think you can apply for an energy efficient mortgage, you need a special report to measure your home’s efficiency, called a Home Energy Rating System (HERS) report. An inspector will come out and evaluate your home, rating your efficiency from 0 to 100.  If you think you qualify for an energy efficient discount program or loan, talk to your bank for details.  There a quite a few different programs to look into, depending on your state, your bank, and more. The simplest programs are offered to buyers interested in purchasing a green home, and include a credit or deduction based on the requirements their new home meets.

You can also look into programs offered by Fannie Mae and the Federal Housing Administration, who incorporate the cost of energy improvements into the cost of your loan, a more complex process.  To qualify for this type of FHA mortgage, a buyer must do a number of things, including making a small down-payment, making cost-effective home improvements, and spending more than five percent of the purchase price for energy-efficient improvements.

For more information on eco-friendly financing, please contact RE/MAX of Boulder, Inc. at 303-449-7000, or 1-800-825-7000 or visit RE/MAX of Boulder, Inc.

RE/MAX of Boulder, Inc. located on the corner of Canyon and Folsom, is nationally and locally recognized as one of the most successful real estate offices in the industry. Nationally, they are one of the "Top 500 Power Brokers in the United States" as listed in National Real Estate & Relocation magazine. Real Trends ranked them #1 in the Nation for Closed Sales Volume for 2010. Regionally, for the 4th year in a row, the company has been named the #1 RE/MAX office in America for Single Office Closed Volume. They can be reached at 303.449.7000 or visit Connect with them on Facebook and Twitter, search remaxofboulder. Subscribe to their YouTube channel and see videos of all their homes for sale at

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