Gabbing about financing for green home projects with Trisha McConkey of Associated Bank. Trisha and Associated Bank’s experience and expertise with mortgages and loans help homeowners to finance their dream home, especially a green home. The way they think about new construction residential loans and renovation loans really helps further the whole idea of green homes and their value and benefits.
A green home project may be a bit different from a run-of-the-mill home project and deserves the consideration of the extra care and features that go into the home. Working with lenders and appraisers that understand the added value of a green home helps get appraisals and loans that support the project. Many lenders and appraisers have not yet gotten the training and experience for appraising and financing green home projects. Just like any other specialty area – VA loans, for instance – this training and experience creates a pool of knowledgeable professionals. To help, the Appraisal Institute has published the Green Appraisal Addendum to help appraisers track and assess the additional features of a green home or project.
Since Associated Bank specializes in construction loans and they lend their own money, the have flexibility in how they underwrite their borrowers, the interest rates they offer and their appraisal process. As others in the company also work on green home projects, they have built up a portfolio of green homes and the experience gained from these projects. Associated Bank is primarily a Midwest bank and their offerings are available in select states.
All types of home projects may qualify for green consideration – new construction, renovations to a home just being purchased, as well as existing home renovations and refinance. Understanding homeowners’ long term goals for their home, especially if they wish to live there a long time, helps Trisha to match the right offerings to her clients’ needs.
Working with clients to get the most from their homes and to become their trusted advisor is key to Trisha and Associated Bank’s success with helping their clients finance their dream homes.
To learn more about Green Financing, register for Elements of Green – Learn about Green Financing Workshop – May 5 @3pm, The Sound Room, Chesterfield MO
Every week on iTunes and The Everyday Green Home Podcast, get the gab with us as we share what we’ve done, as well as tips for greening up your home, your job, your family and your life! Get in on the gab for why green matters – to you, your family and friends and your community.
I’d love to speak at your next event – for ideas check out my speaking information. Thank you and have a blessed day.
Get in on the gab for why green matters – to you, your family and friends and your community.