2q_x t1_j040kyb wrote
Can I suggest a four-pronged approach?
Get your lender to communicate their "issues" with your off-grid home in writing.
Forward that to their underwriter duopoly―and the state AG. Take them to civil court, after you find another lender. Use the money to get a nice 12kw setup.
EDIT:
The government wants people to invest in energy, as public policy.
The government setup monopolies to buy and guarantee OP's mortgage.
There is no hard requirement in the underwriting guidelines of the Fannies to have electricity whatsoever.
OP would rather have free power than drop $50k on ugly poles and wires, and then have a power bill.
The lender is going to blame underwriters, but they won't cite being off-grid as a reason that they rejected the loan.
The lender is diverging from the underwriter requirements, government policy, the demands of the market and easily obtainable state of the practice technology.
The lender is the problem, not the poles.
whaletacochamp t1_j0473o3 wrote
Sick dude
2q_x t1_j04ck53 wrote
The lender won't put open lending discrimination in writing.
But there are lenders in VT who can follow guidelines from the underwriters. They will finance the construction of a home that has electricity commentate with other homes in the area.
Viewing a single comment thread. View all comments