From vivus architecture+design, news of Fannie Mae’s new Energy Efficiency Mortgage Program (in PDF). Some of the program’s highlights:
• Recognize energy savings as qualifying income
• Allows energy improvements to be financed
• Increase home-buying power
• Lower energy costs and household expenses
• Serve more borrowers — all incomes eligible
• Flexible and affordable finance options
• Increase home value
• Help improve air quality and create a more comfortable living environment
I think this is particularly important because it open up such options to homebuyers that might not otherwise be able to afford some energy-efficiency measures.
Categories: mortgage, green, energy, efficiency, home