November 22, 2024 11:55 am
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

Fannie introduces financing option for green home improvements

Green House

Green HouseBy Jacob Passy | National Mortgage News

Fannie Mae has created a new financing option for multifamily properties looking to undergo energy- and water-cost saving improvements.

In exchange for investing in environmentally friendly improvements, Fannie Mae’s new Green Rewards program will deliver property owners extra loan proceeds and a lower all-in interest rate. The program is now available nationwide to both conventional and affordable multifamily properties as well as for cooperatives, senior, military and student housing properties, according to a press release Thursday.

A portion of project energy- and water-cost savings is factored into the loan’s underwriting as part of Green Rewards. This allows for greater loan proceeds to result than a typical loan. Additionally, Green Rewards lowers the all-in interest rate by 10 basis points for further savings.

Continued:

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.