buying green homes: Energy Efficient Mortgages for Green Homes.
- 02/27/14 10:12 PM
Energy Efficient Mortgages for Green Homes.
In 2013 Green Homes comprised 23 percent of the overall residential construction market which is equivalent to $36 Billion and predicted to more than double by 2016.
“Green” Mortgages or Energy-Efficient Mortgages, EEM’s allow buyers to finance green home improvement due to the lower monthly utility cost associated with these improvements.
FHA green improvement cannot exceed a 5% of the property value and/or exceed $8,000. VA loans typically add up to $6,000 in energy efficient improvements.
These energy saving improvements also increase the value of your home with some of the features being:
Solar Panels … (2 comments)
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buying green homes: Green Home Appraisal Form.
- 01/16/13 07:31 PM
Green Home Appraisal Form.
If you are selling or buying a 'Green' Energy Efficient home then you might have to bring this form along and give it to your appraiser. Along with that you will want to give him a list of green features, date of work and cost.
The form is being offered as an optional addendum to Fannie Mae Form 1004 - the standard appraisal form for mortgage lending purposes that, according to the appraisal trade group, devotes limited attention to green home features.
The Appraisal Institute recently released a three-page optional addendum form to the standard appraisal form Fannie Mae 1004. The new GREEN Form … (4 comments)
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Energy Efficient Mortgages for Green Homes.
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