HomeStyle® Energy

Purchasing a home or refinancing their current one
Need to make upgrades to reduce utility costs
Needs improve the comfort and safety of their homes
Older homes are more likely to need upgrades to conserve energy or cut down utility costs

Up to 97% LTV
Up to 15% of “as completed” appraised property value
All one-to-four-unit existing properties
Manufactured housing, provided no structural changes
All occupancy types permitted
Pay off entire PACE lien amounts (with purchase or refinance) or financing for prior-energy related improvements: up to 15% of property value (with refinance)
Max DTI Per Desktop Underwriter^®, or 45% for manually underwritten loans
May go to maximum of 38% DTI if DOE Home Energy Report scores 6 or higher (when requirements for 45% DTI are not met)

Basic weatherization and water-efficient items up to $3,500
Water efficiency devices
Renewable energy sources including solar panels, wind power devices, geothermal systems
Environmental hazard damage repairs or resiliency improvements
Storm surge barriers
Foundation retrofitting for earthquakes
Hazardous brush and tree removal in fire zones
Retaining walls to address mud or water flows
Retaining walls
Radon remediation system installation

Combine 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 an LLPA credit and energy report waiver on weatherization 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.