Energy Star

Energy Star® Labeled Homes


This page highlights the ENERGY STAR® Labeled Homes Program. Energy-efficient homes offer homebuyers improvements to their homes for better performance, greater comfort, and lower utility bills. The following sections on this page will give more information about ENERGY STAR® Labeled Homes term sheet, mortgage rates and support programs. SONYMA has entered into a partnership with the New York State Builders Association (NYSBA), the New York State Energy Research and Development Authority (NYSERDA), and the Long Island Power Authority (LIPA) to offer a special incentive for purchasers of newly constructed homes. Energy-efficient homes are built to Federal and State standards that may feature tighter draft-free construction and insulation, high performance windows, and efficient heating and cooling equipment, appliances, light fixtures, etc. New York ENERGY STAR® labeled homes are typically 20% to 30% more energy efficient than a standard home and can save homeowners hundreds of dollars annually. Energy efficient homes also help the environment by decreasing carbon gas emissions.

Term Sheet

Features of New York ENERGY STAR® Labeled Homes product: Interest rates that are .375% lower than our standard interest rates for loans with down payment assistance Down Payment Assistance of $3,000 or 3% of the home purchase price (not to exceed $15,000)

   • No points

   • 240-day rate lock Available Programs for the New York ENERGY STAR® Labeled Homes product; to learn more about each of the below programs, click on the program listed:

   • Achieving the Dream Mortgage Program

   • Low Interest Rate Eligible Properties must:

Be one of the following property types:

   • Newly constructed one family home

   • Newly constructed two family home located in a SONYMA Target Area. Before registering your loan application with SONYMA, the participating lender will be required to do the following: Ensure that the contract of sale between the applicant and the builder clearly states that the home is being built in accordance with New York ENERGY STAR® Labeled Homes requirements, and Verify with NYSERDA or PSEG of Long Island, as applicable, that the builder is a registered ENERGY STAR® builder. Prior to Loan Closing, the following steps must be taken: During the construction phase of your New York ENERGY STAR® Labeled Home, a certified third-party Home Energy Rating System (HERS) rater must perform an inspection of the home to ensure that it is being built to the New York ENERGY STAR® standards. A final home energy rating is performed near completion of the home. Once the home is complete, the builder must submit documentation, including the final certification of the HERS rater, to NYSERDA’s Low-Rise Residential New Construction Program Implementation Contractor (  NYSERDA’s Implementation Contractor will review the builder’s incentive application and documentation to ensure that it is complete and meets application requirements, and forwards the application to NYSERDA for processing.  A Home Energy Rating Certificate (HERC) is usually included in the documentation.  Lenders must request the HERC to demonstrate that the home has been built and tested to meet the New York ENERGY STAR® Certified Labeled Homes program requirements.  (Note: For individual units in mid-to-high rise cooperative or condominium buildings that have obtained an ENERGY STAR label through the Multifamily Performance Program a/k/a “MPP”, a building report can be requested from NYSERDA. Upon receipt of a report evidencing compliance with current New York ENERGY STAR Certified Home program requirements, the participating lender may close the loan and you will receive the special incentive interest rate offered by SONYMA.

Interest Rates

View Current interest Rates


Call SONYMA at 800-382-HOME (4663), click here, or contact a SONYMA Participating Lender for further details.