Home Improvement Charleston WV

Home improvement in Charleston, WV 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 Charleston, WV listed below.

West Virginia Bankers Association
(304) 343-8838
120 Washington Street
Charleston, WV
 
Branch Banking And Trust Co
(304) 348-7287
300 Summers St
Charleston, WV
 
Wesbanco Bank Inc
(304) 347-4029
300 Tennessee Avenue
Charleston, WV
 
The Poca Valley Bank
(304) 204-2067
7053 Charleston Rd
Walton, WV
 
Chase Bank
(304) 345-1358
613 Virginia St, E
Charleston, WV
Type
Drive-up
Office Hours
Mon:8:30-6:00
Tues:8:30-6:00
Wed:8:30-6:00
Thurs:8:30-6:00
Fri:8:30-6:00
Sat:9:00-2:00
Sun:closed

West Virginia Housing Dev Fund
(304) 345-6475
814 Virginia St East
Charleston, WV
 
Allied Home Mortgage Capital Corporation
(304) 342-5592
888 Oakwood Rd
Charleston, WV
 
Huntington National Bank
(304) 755-6000
1905 1St Ave
Nitro, WV
 
United Bank - Offices- Dunbar
(304) 766-7111
1200 Grosscup Avenue
CHARLESTON, WV
Services
Mortgage Brokers

O''Dell Larry RL Estate
(304) 720-1258
1205 Virginia Street East
CHARLESTON, WV
Services
Mortgage Brokers

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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