Well, I’m really sunk now. See you all in bankruptcy court. As it turns out, Fannie Mae won’t make mortgages on underground homes. Not even earth berm homes. Who knew? Of course I should have guessed, since an energy-efficient home saves the owner money, affording the borrower more money to pay the lender, so who would want to condone that? And who wants to reward the American public for building energy-efficient buildings by guaranteeing their loans through a federally-backed mortgage guarantee program? Not Uncle Sam. And what sort of bank or credit union thinks about the risks they take when making loans – beyond the risks described by Fannie Mae? None.
Just never let them hear the words “earth berm” or Continue reading