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Custom home builder in Oakland and Macomb County specializing in energy efficient homes.

Preferred Lenders

Energy Efficient Mortgages

Huntington Mortgage Group
Matthew Stabile
Mortgage Loan Officer
801 West Big Beaver Rd.
Troy, MI  48084
matthew.stabile@huntington.com
(248) 266-5540

Lake Michigan Credit Union
Brent Green
8195 S. Saginaw St. Suite A
Grand Blanc, MI 48439
brent.green@lmcu.org
(586) 697-0199

Northpointe Bank
Eric McLear
Mortgage Loan Officer
6548 Town Center Dr., Suite A
Clarkston, MI  48346
eric.mclear@northpointe.com
(248) 918-4550

Main Street Bank
Mark Smith
39600 Garfield, Suite A
Clinton Township, MI 48038
(586) 221-4252
www.mainstreetbankmi.com

  • Availability of three different ARM programs to choose from
  • Low down payment requirement
  • No balloon payments
  • 30 year amortization
  • Competitive rates
  • Drawback: Typically work with 700 credit scores, although can be negotiated with more money down, assets or reserves

These are companies that we have worked with in the past. Their names are provided as a service, but they are not affiliated with Envy Homes. There are many other banks and loan companies that offer similar programs.

Energy Efficient Mortgages

Energy efficient mortgages (EEM) are available to homebuyers when they are building or buying new, energy efficient homes, as well as buyers that are purchasing existing homes and making improvements towards energy efficiency. An EEM allows the homebuyer to qualify for a larger mortgage because of the savings that will come from reduced energy expenses. Energy efficient houses cost less to operate, saving money from the day you move in.

Home Financing Examples

Option A - Conventionally built home

$1100 monthly mortgage payment
$ 250 monthly energy bills
$1350 total

Option B - Green built home

$1100 monthly mortgage payment
$ 175 monthly energy bills
$1275 total

The total savings with Option B is $75 per month, or
$900 each year!

Please note: this is only an example. Monthly savings will vary (positively or negatively) depending on what energy efficient aspects are incorporated into your new home.