Green Home Defined

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A Phoenix green home uses less energy, water and natural resources, creates less waste and is healthier for the people living in it! A home can be built green, or you can make it eco friendly later.A little at a time goes a long way. A green home makeover can happen all at once, or it can be a gradual process. But what it all comes down to is a new way of thinking – and a new way of living. From a more energy-efficient kitchen to a tree-filled backyard paradise, your home can be green top to bottom.

FHA 203K FINANCING

Rehabilitate Arizona Distressed Properties to Green Real Estate

One of the biggest misconceptions by real estate buyers today is that the FHA 203K loan process is time consuming and hard to obtain. This is only true if your loan officer/mortgage broker is inexperienced. Contact us and get started on your 203K financing today.

How the FHA 203K Streamline can help you convert to Green living:

The easiest and quickest version to go green is the FHA 203K Streamline. This loan is for property repairs under $35,000. This type of financing must not involve any kind of structural renovations to the home. For Streamline FHA 203K’s you will have two draws. Generally, the lender will release 50% upfront and 50% when the work is completed. On most of these the lender will require a final inspection of property to make sure the work is complete. In some cases of the simpler 203K rehabs you can provide receipts showing materials have been purchased and that will be sufficient.

How the full FHA 203K Financing can help you convert to Green living:

Loans exceeding $35,000 or involving structural repairs, the process becomes slightly more complicated. When your soon to be Arizona green home requires more extensive repairs you will need to involve an architect and get architectural drawings so the contractor bids and appraisal are accurate. You will also be required to have a HUD approved 203K consultant that will help determine repairs and administer draws. On the full FHA 203K loans the process often looks like this:


1. Contact our lender for pre-approval

2. Allow Arizona Elite Properties "Greening up your Home" to locate the ideal Greater Phoenix property for converting to Green Real Estate

3. Inspect the future Green Home

4. FHA 203K consultancy

5. Consult Architect and obtain drawings

6. Consult our Green Approved contractor and obtain bid

7. Appraise the property

8. Loan submission & underwriting

9. Loan closing

10. Rehab and Green conversion begins

11. Final inspection / Title Closeout


End Result of the 203K Process


When done correctly, a 203K purchase loan with our experienced mortgage broker and knowledgeable Phoenix Green Realtors, home buyers can successfully use a 203K financing to create a custom designed Phoenix Green Home. They can use this loan, especially in this market, to solidify their future and create personal wealth. If done correctly FHA 203K loans are one of the absolute best and most useful loan products on the market to convert an ordinary home to a LEED certified Green Home in Phoenix. Contact RealVision Investment Group for more information on FHA 203K and Fannie Mae Homestyle Renovation financing! FHA does not have declining market restrictions anywhere!

How to convert a Bank Owned or Distressed home to a Eco Friendly Green Home in Arizona:

You don’t necessarily have to become certified as Green by the U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) to go green in Arizona. Going green can be as simple as changing the cleaning products you are using to non-toxic or using recycled paper for everyday consumption. However, for those interested in having a LEED certified home, here are ideas that will send you on your way to Arizona Green Living:

Ø Location of Home

Ø Size of Home

Ø Building Design and Exposure

Ø Renewable Energy (solar in Arizona)

Ø Water Efficiency (low water Landscape)

Building materials that help to certify a home as a LEED Green home:

Ø Low E-windows

Ø Non-Toxic Paints

Ø Non-Toxic insulation and more of it

Ø Recycled Fiber Carpets

Ø Bamboo flooring or cork flooring (as opposed to wood)

Ø Recycled glass and concrete countertops

Ø Solar panels (to heat/cool and illuminate home)

Ø Skylights and natural light

Ø Energy efficient kitchen appliances

Ø Energy efficient lights and bulbs

Ø Eco Friendly water filters

Ø Economic plumbing fixtures

The Benefits of a Phoenix Green Home

There are many very real benefits to living in a green home, and every day, more and more Americans are discovering those benefits. Green homes are healthier, more durable, more cost-effective and best of all eco friendly.