Mortgage lenders are looking for ways to bring in more customers. Becoming involved with Energy Efficiency Financing is a new and exciting way for lenders to increase their market share. Energy efficient homes generally cost more than conventionally built homes. This results in a larger loan with higher loan origination fees, etc. When underwriting FHA and VA energy efficient mortgages, lenders can exceed the statutory federal loan limits up to the amount of the energy improvements.
Energy efficiency is no longer a problem.
New Business From Trade Ally Partnerships. A whole residential energy services industry has emerged that actively promotes residential energy efficiency financing. Developing relationships with home energy rating programs, energy efficient builders, utilities, and vendors of energy efficient products can result in new business opportunities for lenders. Your lending institution can expanded its market through active partnerships with these residential energy services providers. Lenders Can Qualify More Buyers.