Green Mortgage

The Credit Union offers an energy awareness mortgage for new and existing homes that have received an ENERGY STAR rating. To qualify, the home must meet guidelines for energy efficiency set by the U.S. Environmental Protection Agency. ENERGY STAR qualified homes are at least 15% more energy efficient than homes built to the 2004 International Residential Code, and include additional energy-saving features that typically make them 20-30% more energy efficient than standard homes. The efficiency will have to be validated by an independent third party inspector that is trained specifically on the HERS (home energy rating system) guidelines. This is a 2-Year ARM product with the origination fee capped at $350. Many of our mortgage products now provide an option for monthly and biweekly repayment schedules at the time of origination.

Specifications

• % Initial Rate for 30-year terms with 90% loan-to-value or less ( % APR¹) Calculate Monthly Payment  Calculate Biweekly Payment
• % Initial Rate for 30-year terms with 90.1% to 100% loan-to-value ( % APR¹) Calculate Monthly Payment  Calculate Biweekly Payment
• Origination fee cap reduces total costs in comparison to our standard 2-Year ARM product
• Up to 100% financing to qualifying members
• Loans in excess of 90% loan-to-value must be secured by properties located in North Carolina
• More flexible underwriting guidelines

Other Related Links:

• Mortgage Application
• Homeowners Insurance
• Adjustable Rate Mortgages
• ENERGY STAR
• Qualifying
• Mortgage Services Brochure