Qualifying for a Green Mortgage
There are two main ways to qualify for a green mortgage. The first is by purchasing a newly constructed home built to higher energy-efficiency standards as verified by a third-party inspector. Homes certified through the ENERGY STAR and LEED for Homes programs, for example, qualify. For homes that are not already part of these nationally recognized certification programs, buyers or sellers can enlist a home energy rater to inspect the home and issue a Home Energy Rating System (HERS) report verifying that minimum efficiency standards have been met.
In the case of existing homes for which buyers want to qualify for planned energy improvements, a home energy rater performs an inspection and issues a HERS report. In these cases, the report will forecast potential energy savings to be gained through recommended efficiency improvements, providing an estimate of what those improvements will cost. These figures are then used by the lender to calculate the additional loan amount that can be put into escrow to cover the improvement costs.
In both cases, the lender will approve a certified auditor to verify the home energy ratings. Improvements covered under the provisions of green mortgages can include – but are not limited to – carpeting, insulation, replacement windows, energy-efficient appliances, increased heating and cooling efficiency, solar panels, green roofs and more.
Anthony Stokes Pereira (845) 624-8100 Ext. 188
Better Homes and Gardens Rand Realty
I can help you with every aspect of buying or selling your home because I'm experienced, because I am a Better Homes and Gardens Rand Realty Real Estate Professional . . . and because I care.
As your Better Homes and Gardens Rand Realty Sales Professional, I will provide you with the information you need to make an educated decision.
The relationship between a home buyer or seller and their agent is based on trust, shared goals and understanding. I strive to continually improve and to do this I listen and take the needs and wants into consideration.
For assistance with any of your real estate needs, please contact me, whether it's to get started on helping you realize your goals and dreams, or just to ask a question - no pressure, no hassle, no obligation- just a friendly conversation. I would welcome the opportunity to make a difference for you.
|
|
|
|
Better Homes and Gardens Real Estate - Rand Realty, founded in 1984, is the No. 1 real estate brokerage in the Greater Hudson Valley with 25 offices serving Westchester, Rockland, Orange, Putnam and Dutchess counties. Rand has more than 800 sales associates, as well as a commercial real estate company (Rand Commercial Services), mortgage company (Rand Mortgage), title company (Hudson Abstract Services) and insurance agency (The Hudson Group Insurance Agency). The company’s Web sites are: randrealty.com, randcommercial.com, randmortgage.com, www.hudsonabstract.com and www.hudson-group.com. Rand Realty is also on Facebook and Twitter. Anthony Stokes Pereira web site www.anthonystokespereira.com . Information deemed reliable but not guaranteed.
Comments(5)