Environmental Services News

Make Your Home More Energy Efficient, and Get a Better Mortgage.

        Buy a more Energy Efficient home, and get a better mortgage.

    FORT COLLINS, Colo., Nov. 5 /PRNewswire/ -- The Bank of Colorado is
pleased to announce the launch of the Colorado ENERGY STARŪ Mortgage Pilot
Program. Homeowners and homebuyers can receive a substantial discount on
the interest rate of a new first mortgage when that loan is used for energy
efficiency upgrades to an existing home or for the purchase of an ENERGY
STAR certified new home.

    This is an excellent loan for improving a home with: insulation, air
sealing, windows, doors, upgraded furnace, hot water heater, or boiler,
solar panels, or efficient lighting. Many other improvements are possible.

    Mortgage discounts are generally one quarter to one half point below
the prevailing rates for homes that are not energy efficient. The dollar
value of the discount provided is up to one percent of the mortgage loan
amount. It can allow a qualified homebuyer to afford a home that costs up
to 10% more than a standard home without increasing the combined monthly
mortgage and energy payments.

    This mortgage product is provided through a cooperative venture between
BOC and the Governor's Energy Office and provides a reduced interest rate
for homebuyers that invest in an ENERGY STAR rated home or choose to
renovate an existing home for Energy Efficiency.

    This mortgage is available throughout the State of Colorado. It is
among the first and almost certainly the most aggressive programs of its
kind. For additional information, please contact the Bank of Colorado at
(970) 206-1160.

    The Bank of Colorado is an Equal Housing Lender and a member of the
FDIC.