MyEnergyLoan is a national network of lenders dedicated to providing aggressive closing cost discounts and lower interest rates for buyers of energy efficient homes. An energy efficient home is a healthy home which is more comfortable and built to higher standards. With an eye on sustainability, our network of realtors, builders and lenders are sure to find the right home for you that is built green and financed green.
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myEnergyLoan was created out of a clear need to close the sustainability loop in green building and green living. Building homes takes a lot of energy and living in homes does too. The total operating expenses of a home are largely made up of utility bills and mortage payments. That’s right. We see money as latent energy – energy that could be better applied on things other than the continued depletion of non-renewable resources. Since we don’t want to be part the extractive industries any more than we have to be, we created the myEnergyLoan as a way to make a living and make a difference. |
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The healthy home market is comprised of green-built and energy-efficient homes. The buyers of these homes are sometimes called Cultural Creatives because they care about how they impact other people and the environment – both locally and globally. If you are reading this, you likely are a cultural creative and if you are, then we want to speak with you about it. As a market, the healthy home market is expected to include most builders and practically all new homes in the future as the US Energy Code increases its standards. Make no mistake about it: we are in a race to attain sustainability. It is important to note that many other countries are outpacing the United States with regard to how they view the environment and the perceived human impact on the environment. As a population base, we are moving away from a fossil-fuel economy and moving toward an eco-economy. Thankfully, more and more people are choosing to buy a healthy home, which by its very nature is an energy efficient home, and our hope is that our strong financial incentives (myEnergyLoan) will help speed this process along. We sincerely hope that you care, as we do, about this crucial market. Further, we invite you take advantage of the financial incentives we provide with a myEnergyLoan.
Smart builders across the country have begun to build using Green Building Science and we consider these builders to be better builders overall. Energy efficient homes are healthier homes; they are more durable and they hold their value better than traditionally built homes. The building method considers from inception to certificate of occupancy the impact that the project will have on the environment…from preserving trees onsite all the way down to recycling scrap lumber and reusing it in the project. An energy-efficient home usually has a tighter seal, a smaller and more efficient ventilation system, better insulation and more desirable windows. The home should be viewed as a system of systems that work together to provide more desirable and more valuable living space for you and your family.
In today’s mortgage market, where to date over 180 lenders have closed their doors in 2007 alone, the energy efficient mortgage market is in flux. Here at myEnergyLoan, we have experienced a three-fold increase in loan opportunities (aka “deals”), but all of our deals are getting harder to close, without question.
Often, we find that we can get deals done that other lenders cannot get done, primarily because green lending – sometimes called energy efficient loans, energy efficient mortgage loans, eco-home loans or green mortgages – is still a highly specialized field and one that we are the clear leaders. The one thing all of our loans have in common is that they are loans which finance buildings that are built using applied green building science. They conform to USGBC standards, EnergyStar and EarthCraft House standards and other state and regional green building guidelines and standards. We use a network of energy raters to determine how efficient a home is, which in some ways helps us determine an appropriate myEnergyLoan discount.
Common questions about our loans include what types of features do our loans fund? What is the minimum amount of money that we loan for green property upgrades? Do we do eco loans for all types of properties? Are we a commercial lender or a residential lender? In the weeks and months to come, we are going to be answering these questions, but the most important question we can answer for you now is “Are Energy Efficient Mortgages alive or dead?” They are very much alive, but also very much misplaced in today’s market.
That’s why we created myEnergyLoan…because is captures the essence of the green building market and provides much needed service to green builders, EcoBrokers and buyers of energy-efficient homes. Whether or not we use a true Energy-Efficient-Mortgage product (per Fannie Mae, Freddie Mac, VA, FHA or HUD) we always provide buyers of green properties with an incentive to go green. To buy green, to build green and by all means…to finance green.
Please send your eco home finance questions or comments to jcole@myenergyloan.com or feel free to call me at 404.771.2106 if you would like to talk more about this market and the programs we offer to members of this growing market.
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