From solar panel installation to air sealing, HomeStyle® Energy provides flexible financing for energy-related improvements as part of a purchase or refinance mortgage. With more options, borrowers can upgrade outdated homes in their budget, make updates that reduce monthly utility costs, and enhance the overall comfort and safety of their homes.
HomeStyle Energy can finance a wide range of energy-efficient updates, including renewable energy installation, resiliency and weatherization upgrades, and even paying off existing energy-related debt like Property Assessed Clean Energy (PACE) loans.
Upgrading the energy efficiency of older homes may help reduce utility costs and qualify your borrowers for potential tax credits and rebates. Plus, HomeStyle Energy loans qualify lenders for a $500 Loan Level Price Adjustment (LLPA) credit.
Without needing to acquire a home energy report, your borrowers can finance basic weatherization (up to $3,500), renewable energy, and resiliency updates.
Details that help conserve time and energy Approval ProcessUnlike HomeStyle Renovation, HomeStyle Energy doesn’t require special approval. It’s already available for use by any Fannie Mae lender.
Eligibility RequirementsSee Fannie Mae’s Eligibility Matrix for specific product details based on the loan transaction.
Bundled BenefitsCombine HomeStyle Energy with other Fannie Mae products to offer borrowers benefits like more flexibility and savings:
HomeStyle Renovation: Use both HomeStyle loans together to maintain benefits like a $500 LLPA credit and energy report waiver on ENERGY STAR®-certified improvements while funding additional projects that go beyond energy efficiency.
HomeReady®: Our low down payment mortgage has lower rates and cancellable mortgage insurance (restrictions apply). Combine this mortgage with HomeStyle Energy to make financing upgrade projects even more affordable.
Note: HomeStyle Energy loans may qualify for an LLPA waiver for Duty to Serve. See Duty to Serve eligibility requirements for details.