Today's class is the second in a series of classes by USGBC, Residential Green Building Committee, designed to educate consumers and professionals. This FHA product is available for purchase or refinance and there's an additional $10,000 available for green upgrades! The contract must include at least 45 days to process. The lender holds back the funds are held back by the lender for the improvements. A General Contractor must be used and if the home is older than 1978 then lead and asbestos testing must occur through the contractor but provided by a third party. Starboard Financial (Lisa Jordan) Ship Shape Program (Energy Efficient Mortgage) can be used for investors whereas the 203k is for primary homeowners only. Starboard has a limit of $25,000. And a HERS audit is required.
These are great products for improvements and adding green features, thus reducing energy bills!Sent from my Verizon Wireless BlackBerry
