Dose anyone know were we can go to get a construction loans for earth sheltered house. Local banks tell us they would loan us the money if we would build a normal house. Please Help.
Our home design meets all building codes.
Anonymous
Favorite Answer
When they finally chose Home Federal Savings and Loan of Xenia, they made a special effort to sell the lender on their idea.
They added an electric furnace o the plans even though they felt the wood stove would be adequate. They figured it would increase its resale value. Schroeder, a commercial artist, drew a color sketch of the proposed house to show that it would have aesthetic appeal. They also stressed the energy-saving features of the house, noting that the money they would save from reduced heating bills would strengthen their ability to meet mortgage payments.
The savings and loan bought the idea and approved their mortgage.
Anonymous
Not until you can prove they meet your municipal, provincial, state and federal building codes.
If you have a licenced architect submit the design, they might get around to approving it in 10-20 years. It will cost you an arm and a leg for the submission.
There are other green designs that are approved, you do not have to depend on a bermed home.