Green Value Not Recognized
Most lenders do not recognize the value of high performance buildings, so builders and homeowners can’t get the upfront capital necessary to retrofit an existing building or to build a new project to meet high performance standards. We do. SecurityNational Mortgage Company (SNMC) offers a diverse line of green financing solutions that make it easy for homeowners or builders to finance energy-efficiency projects for purchases, new construction projects or upgrades to an existing home or multi-family property.
Green Appraisals
In partnership with Green Energy Money (GEM), we facilitate the loan process to include a “green appraisal” that recognizes and quantifies the value of your investment in high-performance measures. GEM’s third-party certification processes and quantified methods support the appraiser in properly valuing and recognizing the lower maintenance costs and reduced operating expenses of an energy-efficient home.
SNMC’s loan options give you the freedom to choose cutting-edge, energy-efficient construction methods.
Financing New Construction
High-performance building technology and building science has dramatically improved over the past decade. Today, advanced building code adoption has increased efficiency measures to reduce operating and utility costs, sometimes to near zero costs.
Financing for new green construction includes:
- Land purchase money (you must own the land before you can finance a construction project)
- Construction loans
- One-time close construction loans (locks in the rate and converts to a permanent loan at the end)
- Permanent take outs (commences after construction is completed)
Call with questions or apply today!
Financing a Retrofit
Upgrading your home for energy efficiency has never been easier! We’ll lend you the money for retrofitting as an interest-only construction loan, then refinance your whole house at its new full green value when complete.
Equal Housing Lender
No statement on this website is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the house to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Terms of the loan may be subject to payment of points and fees by the applicant. NMLS# 3116