Make The House Cheaper To Run.
Finance weatherization and efficiency upgrades into the loan when you buy, rather than paying for them later.
Efficiency work, financed with the purchase
The upgrades go into the loan instead of onto a credit card.
- Available on the purchase of a primary residence.
- Eligible for one- to four-unit primary residences.
- Attached and detached single-family homes, and units in an eligible planned development or condominium.
- Basic weatherization is covered, including storm windows and storm doors.
- Energy and water-efficient air conditioning, hot water heaters and water fixtures are eligible improvements.
- The appraisal must provide an as-completed value reflecting the finished work.
Purchase transactions
Primary residence only
One to four units
Weatherization included
Efficient systems and fixtures
As-completed appraisal required
What is the Saxton HomeStyle Energy Mortgage?
A conventional purchase loan that also pays for efficiency improvements.
The upgrades that make a house cheaper to live in are rarely the ones people can afford right after closing. New storm windows, a more efficient hot water heater, an air conditioning system that does not run constantly. These get postponed, sometimes for years, while the utility bills keep arriving.
HomeStyle Energy folds that work into the purchase loan. The eligible improvements include basic weatherization such as storm windows and doors, along with energy and water-efficient air conditioning, hot water heaters and water fixtures. Because the improvements affect what the property is worth when finished, the appraisal has to provide an as-completed value.
It is available on the purchase of a primary residence with one to four units. That includes attached and detached single-family homes, as well as a unit in an eligible planned unit development or condominium project. There is an aggregate limit on the cost of the improvements, which we will walk through against your specific scope of work.
Why choose the Saxton HomeStyle Energy Mortgage?
For buyers who would rather fix the running costs at the start than live with them.
The Work Happens Now
Efficiency upgrades tend to get postponed indefinitely. Financing them with the purchase means they actually get done.
Weatherization Counts
Basic weatherization, including storm windows and storm doors, is an eligible improvement rather than an afterthought.
Water As Well As Energy
Water-efficient fixtures and hot water heaters are covered too, not just heating and cooling.
Valued As Completed
The appraisal reflects the property once the work is finished, so the improvements are reflected in the value.
Up To Four Units
It applies to one- to four-unit primary residences, which makes it workable for owner-occupants of small multi-unit homes.
Improvements Carry A Ceiling
There is an aggregate limit on the cost of eligible improvements, and we will check your scope of work against it early.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about financing efficiency improvements with your purchase.
Basic weatherization including storm windows and storm doors, and energy and water-efficient air conditioning, hot water heaters and water fixtures. There is an aggregate cost limit that we will check against your scope.
This program is offered here for purchase. If you already own the home, we should look at what other renovation options fit.
Yes, a unit in an eligible condominium project or planned unit development can qualify, alongside attached and detached single-family homes.
No. It is for a primary residence.
One- to four-unit primary residences are eligible, so an owner-occupied duplex or triplex can work.
Because the value has to account for improvements that have not been made yet. The report provides an as-completed value reflecting the finished work.
They are related but distinct. Renovation covers general improvement work, while this one is focused specifically on energy and water efficiency.
Find out what you qualify for
If the home you are buying is going to be expensive to run, the fix can go into the loan. Let us look at the scope with you.
Get Pre-Qualified*Loan amounts, rates, terms, and improvement budgets are subject to credit approval, income and asset verification, appraisal, and program guidelines. Eligible improvements and aggregate cost limits are defined by the program. The appraisal must provide an as-completed value. Primary residence only. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.