Go Green with Environmentally Conscious Home Loans for New Purchases and Refinancing
The Green Advantage Mortgage is our Energy Efficient Mortgage that is designed for the purchase and limited cash-out refinance of new construction or existing residential homes that must be built to the standards of the National Home Energy Rating Standards.†
† APR = Annual Percentage Rate. This product is designed for the purchase and limited cash-out refinance of new construction or existing residential properties. These homes must be built to the standards of the National Home Energy Rating Standards (HERS). All requirements of the standard checklist must be met, and a HERS Index of 85 or better must be obtained in accordance with the Energy Star Performance Requirements. This loan applies to a one-unit, owner-occupied, primary residence; fixed rate mortgages that have a term of 30 years and do not include interest-only option; maximum loan-to-value/combined-loan-to-value 95%. Energy efficient mortgage loan payment example: $200,000 borrowed for a 30-year term at 6.50% APR, sample monthly payment would equal $1,264.14.
Whether you're getting your first mortgage, refinancing, or exploring one of the many mortgage options out there, it can be a confusing process. Community First Credit Union is here to help you navigate the mortgage process.