<<< back to article list

Cheaper mortgage money for buying green real estate

Blog by Patricia Houlihan - Personal Real Estate Corporation | March 24th, 2008

Cheaper mortgage money for buying green real estate

I just came across this article on the internet-it looks interesting-I wonder when a Canadian lender will do this?


Countrywide Offers Discounted Rates For "Green" Home Buyers



A division of Countrywide Financial Corp.'s (CFC) Countrywide Bank unit announced Wednesday the launch of its Green Incentive Program that gives an interest rate reduction of 0.125% on a loan used to purchase a new home that is built to meet energy efficiency standards.

The Casabasas, Calif., mortgage banking company said the program at Countrywide Home Loans will be available initially in 13 states: Alaska, Colorado, Iowa, Idaho, Minnesota, Montana, Nebraska, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming.

Countrywide said the program applies to newly constructed homes that meet third-party, certified standards of recognized green building programs.