Sep 302012

Green Home Mortgage Financing.

We can help with Financing for the purchase of New or Makeover Green Homes.

Home mortgage financing
Green home mortgage financing for purchases that include the cost of a green makeover.

Most home purchase financing is based on the value of the home as per the price reflected on the purchase contract. A home buyer then has to obtain additional financing for improvements, after moving in.

This finance plan is different as it is based on the price reflected on the purchase contract PLUS the cost of the Green Energy Makeover.

Also, unlike most mortgage financing today, for which a 10%-20% down payment and a very high FICO score is required to qualify,  our lender offers:

  • 96.5% – 100% financing
  • Lower FICO requirements in the mid 600’s
  • Fixed and variable rates
  • Interest-only options
  • Seller-paid closing cost opportunities
  • 75%-90% financing is available for second & investment homes.

Please continue reading full details about this Makeover and Purchase Combo Loan

One-Time Close, Construction to Permanent Financing for New Green Homes.

Instead of the traditional “two loan” process that requires a construction loan first, and then after the home is built, a permanent loan to pay off the construction loan, our mortgage professionals offer a unique Home Construction Loan, called the One-Time Close, Construction to Permanent Loan, which rolls both loans into one.

The main feature of this loan is that when you close for the construction financing, you also close for the post construction permanent financing, at the same time. This happens before construction starts, while at the same time, locking in current low interest rates. During the 3 – 4 month construction period, you make no payments until you move into your new home.

Because there is only one closing, you will save on closing costs for a second closing and associated fees. Our One-Time Close, Construction to Permanent Loan is the most financially smart way to finance your new home.

In summary, the main features are:

  • You only have to pay closing costs once instead of the traditional twice.
  • As little as only 3.5% down payment required.
  • During the construction period, you are not responsible for any mortgage payments.
  • Finally, you do not have to re-qualify for permanent financing after the construction has been completed.

Please continue reading full details about our one-time-close construction loan.

Our experienced mortgage professionals are standing by, ready to help you make your new home a reality.

Tax Credit for Solar Energy Inclusions.

In addition to either of the above financing plans, homeowners could qualify for a Tax Credit of as much as $15,000 from the IRS. The amount is calculated as 30% of the cost of all Solar Energy Inclusions in a New Green Home Purchase or Green Home Makeover. Tax credits are received after filing personal annual taxes and can be used to reduce the cost of financing.

The following information will also be of interest:

Energy Efficient Mortgage (EEM).

Green renovation loan amounts – How they can be greater than appraisal values.

Buyer loan closing costs work sheet

Buyer title closing costs work sheet

Buyer prepayments and escrows closing costs worksheet

Buyer closing costs work sheet – all in one download

What is a HUD-1 Settlement statement?

Seller’s closing costs work sheet.

Florida Property Taxes explained

What is the difference between a note and a mortgage?

Your Green Dream Team.

Call us today and let us show you how we can be Your Green Dream Team to help you to Live in a High Performance Green Home, that will Save You Money and help you to Pay Your Mortgage Off Years Earlier, while at the same time,  live in a home that is Healthier, More Comfortable, Safer and Kinder To The Earth.

Our services are always FREE to Buyers, and we contribute $500 towards closing costs if you buy through us, as well as $250 toward our Switch to Green, Switch it Forward Fund, to help fight poverty and climate change.

For more information, PLEASE REGISTER.
We look forward to making Green Home living your reality.

Marius J Smook – Licensed Real Estate Eco-Broker, LEED AP for HOMES, Home Energy Rater.

 September 30, 2012