Energy Spark Home Loan Program

Energy Spark is designed to work hand-in-hand with the Washington State's Housing Commission's Home Advantage loan and downpayment assistance program. Homebuyers may qualify if:

• Household income doesn't exceed $97,000
• Applicant's credits is a 620 or above

In addition, the home may qualify if:

• A new home's energy standards exceeds Washington State standards by 15%.
• An older home that can be upgraded for 10% energy savings over its current use.

An energy assessment shows the most cost-effective upgrades for the home, and Energy Spark helps finance the work.

Home Buyers Save in 2 Ways

1. The Mortgage Rate and Downpayment: Borrowers who buy an energy-efficient home or make upgrades to an existing home at the time of purchase save .025 percent on their interest rate.
2. The Utility Bill: Utilities are among the hidden costs of homeownership. The more efficient the house, the more money saved.