St Patrick's Day - Let's Think About Green Loans

St Patrick's Day - Let's Think About Green Loans

Okay, so everyone knows about the 203K loans, right?  The loans where you roll a few "remodel" fees into the loan itself.  The issue with these loans is that you get a higher percentage rate.

So let me tell you about so-called "Green loans". Green loans are loans that allow for energy efficient improvements to be made to the property and rolled into the original loan. Yes, you can refi into this as well. And the best, you guessed it, the percentage rate of the loan stays the same! 

These loans are actually part of the Energy Efficient Mortgage Program. In this program, you can receive 5% of the sale/refi price up to $8,000 not including funds for the weatherization or $4,000.  Here in California, this most always would be a sum greater than the minimum $4,000.

The funds can be used for things such as energy efficient windows, an new energy efficient air conditioner, water heater replacement, duct leaks in your existing air flow system, of course solar power and the list goes on.

Not every mortgage professional is knowledgeable in these loans.  So for more information in California, you can visit our California Site.  And if you can't find a loan officer who is versed in this subject, please call Vicki Kelly at Global Mortgage.  Her phone number is (909) 922-6000.  She is a master at this. And please tell her I sent you.

Once again, if you need any questions answered or need help in the area with buying or selling, please don't hesitate to contact me.  I would be honored to help you.  And if you need a FREE HOME EVALUATION, it wold be my pleasure to help you with that as well. Always go with a Realtor You Can Trust!

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.

Warmest Regards,
Linda K. Mayer, Realtor

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com

Linda's Website