Special offer

Choose A Lender That Shares Your Passion For The Environment

By
Title Insurance with North American Title Company

Choose A Lender That Shares Your Passion For The Environment

You know buying a green home is a smart decision. Why not finance that

home with a company that's been making smart environmental decisions

for years? Wells Fargo Home Mortgage shares your point of view, and we have

the products and programs to help you build today for a green tomorrow. 

*      Secure online loan application.

*      When you close a purchase or refinance loan with Wells Fargo

               Home Mortgage, we'll make a $300 contribution to the faith-based

               or non-profit organization of your choice.

*      Signed closing documents can be put onto disc.

*      Other paperwork at closing to be shredded and recycled.

*      Electronic statement delivery available at borrower's request.

 

Wells Fargo Supports National ‘Green' Efforts

• We've committed $1+ billion in financial

  commitments to environmentally-beneficial

  business opportunities.

• We're the only financial services company to

  receive the 2007 Green Power Partner of the

  Year award from the U.S. Environmental

  Protection Agency (EPA).

• We've committed more than $250 million in

  solar and wind energy projects since 2006

• We're a leading purchaser of green power in

  the U.S., as published by the U.S. EPA.

• We're the first U.S. financial institution to

  make clean, renewable energy reward

  options available to its cardholders.

• We've introduced Green Equity Equivalent

  Investments to provide capital to non-profits

  that promote environmentally responsible

  practices in low-to-moderate income

  communities.

• We've invested $160 million in five wind

  farms since 2006 - collectively, these wind

  farms are projected to generate enough

  electricity to power 160,000 average households.

 

Contact me today!

 

http://homeloanswithchris.net

Stefan Geyer
SOA Realty - Aurora, CO

Hi Chris, thanks very much for what I think is a great post.  Wells Fargo indeed seems to be pulling away from many of the lenders, in many ways.  I have been working with Stacey on a couple of deals and have been very impressed.  The 'green' things you have listed just make working with Wells Fargo that much better!

I am an Eco Broker, and one of the things I have learned about is energy efficient mortgages.  Are you familiar with them?  If so, does Wells offer some type of energy efficient product?

Jun 20, 2008 08:48 AM
Chris Coley
North American Title Company - Fort Collins, CO
North American Title Company

Stefan,

Thanks for the comment! Here is some info from FHA/HUD on the Energy Effcient Mortgage;

Energy Efficient Mortgage Fact Sheet

Eligibility Requirements

 - Borrower must meet standard FHA credit qualifications.

- Borrower is able to finance closing costs and the upfront mortgage insurance premium into the mortgage. The borrower will also be responsible for paying an annual premium.

- Existing or newly constructed one-to-two unit properties are eligible.

- The cost of the energy efficient improvements that may be eligible for financing into the mortgage is the greater of 5% of the property's value (not to exceed $8,000) or $4,000. Provides mortgage insurance for a person to purchase or refinance a principal residence and incorporate the cost of of energy efficient improvements into the mortgage. The Mortgage loan is funded by a lending institution, such as a mortgage company, bank, savings and loan association and the mortgage is insured by HUD.

- To be eligible for inclusion in the mortgage, the energy efficient improvements must be cost effective, meaning that the total cost of the improvements is less than the total present value of the energy saved over the useful life of the energy improvement.

- The cost of the energy improvements and estimate of the energy savings must be determined by a home energy rating system (HERS) or energy consultant.

- A maximum mortgage amount (statuatory limit) for a single family unit is set by HUD. This amount may be exceeded by cost of eligible energy efficient improvements.

Click here for HUD's info on the EEM.

Jun 20, 2008 09:55 AM
Stefan Geyer
SOA Realty - Aurora, CO

There you go > another reason why Wells Fargo is doing a great job!  Thanks for the information.

Jun 20, 2008 01:19 PM
Jon Rudolph
Inspections By Referral - Loveland, CO
ACI

Good info, Thanks Chris

Dec 01, 2009 07:30 AM
Jon Rudolph
Inspections By Referral - Loveland, CO
ACI

Chris,

Doesn't Wells Fargo provide Energy Improvement loans?  That is, home improvement loans at a reduced rate for qualified bowers that can show how much the improvement will reduce utility bills, with the utility improvement being a basis for qualifying the loan criteria?   If they do, can you provide some details?

Thanks, you rock!

 

Dec 01, 2009 07:39 AM
Chris Coley
North American Title Company - Fort Collins, CO
North American Title Company

Hi Jon,

FHA offers an Energy Efficient Mortgage. Borrowers can finance the cost of energy efficient upgrades.

To be eligible for inclusion in the mortgage, the improvements must be cost effective, meaning that the total cost of improvements is less than the total present value of the energy saved over the useful life of the energy improvement.

Dec 02, 2009 01:55 AM