The recent downturn in the housing industry and mortgage markets have made it difficult for real estate agents, lenders, and homebuyers alike. However, recent and ongoing changes in the regulatory environment and lending markets can help offset those negative effects. Energy efficient mortgages, tax credits, and other financial benefits could help your seller to upgrade the home prior to sale, and for your homebuyer to qualify for energy efficient mortgages.

Additionally, upgrades completed prior to final settlement can provide some of the clearest financial benefits for the homebuyer. The initial investment costs for an energy efficient retrofit can be wrapped into the original mortgage note, allowing a homebuyer to pay significantly less on monthly utility bills while paying slightly more on the monthly mortgage payments.

These same financial benefits can also be realized on other types of home improvement, second mortgage, or line-of-credit loans. Some lenders provide unique and advantageous terms if the funds are used for energy retrofits.

Contact an Aspen representative to receive the most recent information about which programs can benefit your sellers and buyers.