Home Improvement Parker CO

Home improvement in Parker, CO 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 Parker, CO listed below.

Vesta Financial Services Inc
(866) 635-5784
19039 E Plaza Dr Ste 280
Parker, CO
 
Christopher Investment
(303) 840-7424
16526 Keystone Blvd Ste C
Parker, CO
 
Countrywide Home Loans Inc
(720) 870-1851
18320 E Cottonwood Dr Unit C
Parker, CO
 
Home Grown Lending Alliance
(720) 488-1520
7700 E Arapahoe Rd Ste 230
Englewood, CO
 
Castlewood Home Loans LLC
(303) 758-5555
12835 E Arapahoe Rd Ste 450
Centennial, CO
 
One Mortgage Network Inc
(858) 455-9120
17065 Carlson Dr Apt 1228
Parker, CO
 
Nationwide Home Loans Inc
(303) 840-9252
8943 E Thunderbird Rd
Parker, CO
 
Kemper Mortgage Inc
(720) 200-0890
7000 S Yosemite Street Ste-170
Englewood, CO
 
Ctx Mortgage Company LLC
(303) 792-9840
10333 E Dry Creek Rd Ste 300
Englewood, CO
 
Ace Mortgage Funding LLC
(720) 407-0500
9777 Mt Pyramid Ct Ste 200
Englewood, CO
 

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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