Fannie Mae's HomeStyle Energy mortgage helps keep homeownership affordable and sustainable. Buyers are now able to improve the efficiency and resiliency of a home they're looking to purchase—through updating energy and water systems, installing new doors and windows, and making other improvements.
Reach out to your lender partners to find out if they offer HomeStyle Energy mortgages. Any lender can offer HomeStyle Energy as an option and benefit from a credit when delivering the loan to Fannie Mae. No special approvals are required.
Your clients can finance efficiency improvement projects up to 15% of the as-completed appraised value of a home, and it's available nationwide.
Updated utilities result in lower costs in the future. Borrowers may be eligible for possible tax credits/rebates and can take advantage of today's competitive mortgage rates, which may be lower than other financing options.
Basic weatherization, water system, renewable energy and resiliency improvements (up to $3,500) do not require an energy report for program eligibility.
Up to 97%
(See Fannie Mae’s Eligibility Matrix for specific details based on the loan transaction)
Up to 15% of as-completed appraised property value
All one- to four-unit existing properties
Manufactured housing, provided no structural changes
All occupancy types permitted
Covers installation, no energy report required
No energy report required for:
Entire PACE lien amounts (with purchase or refinance)
Financing for prior energy-related improvements: Up to 15% of property value (with refinance)
Both HomeStyle Renovation and HomeStyle Energy mortgages may be combined with a HomeReady mortgage, so your low-income borrowers can take advantage of the following features:
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