Green mortgage

Green mortgage

Type of mortgage in which the lending institution raises the allowable loan amount for an applicant’s earning level because the applicant’s green home has lower monthly operating costs and may even reduce the applicant’s transportation costs. See energy-efficient mortgage.
References in periodicals archive ?
It focuses on greening the bank's daily operations through initiatives such as Green Information Technology, Green Banking Products and Services, Green Human Resource Management, Green Marketing, Green Mortgage and Green Buildings.
This means that the new EIB-financed green mortgage credit line will have access to a EUR 300m fund.
Fannie Mae's Pagitsas was also recognized by CBI as the "Green Bond Champion 2018" for her role in bringing structural diversity and innovation to the market through Fannie Mae's multifamily green mortgage finance program.
Commercial banks have launched innovative credit products like 'green mortgage,' which rewards environmentally conscious new home loan-takers with concessional financing terms.
The bank's several sustainability-focused initiatives include the ECO-Schools Programme in partnership with Unesco, annual Al Dana Green Run, eco-friendly banking products and services such as Green Mortgage, knowledge-sharing roadshows, and an array of Corporate Social Responsibility (CSR) endeavours.
In addition to huge savings on utility costs, the Green Mortgage programme offers an interest rate of up to 3.99% and repayment option of up to 20 years.
This enabled Fannie Mae to provide larger loan sizes to finance efficiency improvements and develop its green mortgage products.
Once delivered to Fannie Mae, all Green Mortgage loans are marketed as "Green MBS" (mortgage-backed securities), which means access to a broader bond investor market interested in environmentally-focused investments.
KARACHI -- Bank Alfalah recently launched Alfalah Green Mortgage in collaboration with its panel of solar energy experts, Grace Solar Pakistan, EBR Energy Pakistan (Pvt.) Limited and JKS (Pvt.) Ltd.
Department of Housing and Urban Development's Green Mortgage Appraisal Roundtable.
An Entwistle Green mortgage consultant is available to provide information about the Help to Buy scheme as well as assist buyers in finding the right mortgage for them.