Did you know that there are energy incentives available to you when you buy a home in Denver right now? Yes there are the standard incentives for tax rebates and such. But what I am referring to is straight cash! What I mean is up to $6,000 on existing homes, and $8,000 if you are buying new construction. How?
There is an energy incentive mortgage program being offered by the State of Colorado currently. Check out more information here
, and if your lender tells you that they aren't available or the State has to issue them, or doesn't know, find a lender that does!Where does the money come from?
Simple, it is based on the energy efficiency of the home you are buying, or refinancing. This is measured through a HERS (energy audit). The lower the score the more efficient your home is. The more efficient it is, the more money you can get. When do you get the money?
You get the money when you close on the loan (house) by way of a credit on your settlement statement. This can apply towards paying your closing costs, or buying down your interest rate!Who do I work with to obtain this?
The lender you work with on your mortgage has to be an approved lender for the program to offer this to you. If they don't know, they don't participate. We are an approved lender, and I actually am contracted by the State of Colorado to teach Real Estate agents a class on this topic for continuing education. Why?
Who wouldn't want up to $6,000 on an existing home, and $8,000 on a new home given to them when they close on their house. What is the drawback?
You have to get an energy audit during the process, and there is a nominal fee. But the trade-off is a huge return. It can't be done after closing on the purchase or refinance of your home, so you have to do it upfront.
If you want more information let me know~ @MtgMaestro
The Mortgage Maestro Group
@ Summit Mortgage