Utah Rates, Programs, Purchases or Refinaning by Utah's Mortgage Guy

New Energy Improvement Financing

Can Help You Sell More Homes

Eligibility

ALL transactions loan types are permitted except:

o Purchase

o Refinance

o Renovation/Home Improvement Projects

LTV = lesser of the “as completed” appraised value or the sum of the purchase price plus the cost of the energy improvements

· ALL Occupancy Types are allowed

· Eligible properties

o ALL one-unit properties are eligible

o NO Manufactured Homes

o NO Co-op properties

Requirements

· Limited to 10% of “as completed” value – no minimum dollar amount

· Must have Home Energy Rating Systems (HERS) Audit Report

o Improvements must be cost effective

· Must have contractor – NO Do-It-Yourself projects

Borrower must be given $250 credit towards costs from Lender/Fannie!

I know Real Estate and I am one of Utah's TOP Mortgage Lenders!  Not only can I answer your questions about Fannie Mae loans, I can also answer your questions about VA loans, first time home buyer opportunities, and several other loan programs that may be your solution to buying a new home!  Now is one of the BEST times to purchase real estate.  Rates are still LOW, prices are the lowest they have been in years, and you don't want to miss this opportunity. 

If you think you can't qualify for a home loan, you may be surprised!  Just give me a call and we will put the pencil to work for you!