Home Improvement Ashland KY

Home improvement in Ashland, KY does not come without cost. Most energy-efficient financing programs will encourage you to have an energy rating for your new or existing home, which will tell you and the lender how energy-efficient it is. A rating typically involves an inspection by a professional energy rater who is certified under a nationally or state accredited home energy rating system (HERS). Please scroll down to learn more and get access to all the related products and services in Ashland, KY listed below.

First National Mortgage Banc Inc
(304) 522-7350
1401 Greenup Ave
Ashland, KY
 
First Horizon Home Loan Corporation
(740) 886-8189
302 State St
Proctorville, OH
 
Commercial Bank
(606) 474-7811
208 E Main Street
Grayson, KY
 
Citifinancial
(606) 325-8426
711 Martin Luther King J
ASHLAND, KY
Services
Mortgage Brokers

Star Financial Corporation
(606) 325-7827
800 13th Street
ASHLAND, KY
Services
Mortgage Brokers

Sunset Mortgage Company Lp
(304) 523-6890
414 11Th St Ste 102
Huntington, WV
 
Gmac Mortgage LLC
(304) 523-8661
121 Elwood Avenue
Huntington, WV
 
First National Bank
(606) 474-2000
200 S Carol Malone Blvd
Grayson, KY
 
Washington Mutual Finance Company
(606) 324-3151
1613 Greenup Avenue
ASHLAND, KY
Services
Mortgage Brokers

Charles C Adams Insurance
(606) 325-9709
221 20th St
Ashland, KY
 

Home Improvement

Home Improvement Financing


Consider: Energy-Efficient Financing, Home Equity Lines of Credit, Home Equity Loans, Home Loans, and Low Rate Construction Loans.

Home Energy Rating

Most energy-efficient financing programs will encourage you to have an energy rating for your new or existing home, which will tell you and the lender how energy-efficient it is. A rating typically involves an inspection by a professional energy rater who is certified under a nationally or state accredited home energy rating system (HERS). There are several options regarding HERS, so the type of HERS used will depend on where you live. Some states even have more than one HERS.

For the most part, an energy rater will inspect the energy-related features of a home, such as insulation levels, window efficiency, heating and cooling systems, and air leakage. After the inspection, the energy rater will probably give you a report that includes the home's energy rating along with an estimation of annual energy use and costs. The report also may include recommended energy-efficient improvements, if needed, and their costs, as well as the potential annual savings and eventual payback of the improvements.

To help qualify for most energy-efficient financing, the report usually must show that the home is energy-efficient or that recommended improvements are cost-effective and will save you more money than you'd be borrowing to install them. While calculating whether a borrower qualifies for a mortgage, a lender can recognize these savings and add the cost of the improvements into the mortgage. Or, if the home is already energy-efficient, the lender can stretch the debt-to-income qualifying ratio, which is expressed as a percentage (the ratio is calculated by dividing a borrower's monthly payment obligation on long-term debts by the borrower's net effective income or gross monthly income).

The cost of a home energy rating and how it can be paid—by the borrower, the seller, the lender, the real estate agent, or financed as part of the mortgage—as well as the availability of certified energy raters, can vary from state to state and from one energy-efficient financing program to another.

Energy-Efficient Financing Programs

You can apply for energy-efficient financing through a government-insured or conventional loan program. Some states even have programs for their residents, so it's a good idea to contact your state energy office to find out if your state does.

There are two types of energy-efficient mortgages (EEMs): one for a new home and one for an existing home. With an EEM, you can purchase or refinance a home that is already energy-efficient. Or you can purchase or refinance a home that will become energy-efficient after energy saving improvements are made. Most energ...

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