2019 Green Rewards is a great deal for your borrowers – and we want to prove it to you. In fact, we are so confident that, for a limited time, we will reimburse the full cost of all High Performance Building (HPB) Reports regardless of whether the loan delivers to Fannie Mae as Green or non-Green.
Why are we doing this? We've seen some hesitancy in pursuing Green Rewards since the program requirements changed for 2019, and we want to encourage you to lean in to Green this year. We’ve heard the rumors that qualifying for Green Rewards in 2019 is too hard and too expensive and that there is not enough of a pricing benefit for Green. We believe those rumors are wrong. The 2019 Green Rewards loans that have delivered this year have a median installation cost of only $400 per unit - a bargain compared to the financial benefits of going Green. 2019 has also seen movement from a pricing standpoint – since January, pricing for Green has been more aggressive.
The average HPB Report costs $7,000, and no one wants a Borrower to bear that cost for a loan that isn’t a good fit for Green Rewards. Our offer on HPB Reports removes that barrier. Get a Green Rewards quote, order the HPB Report, and check out the great benefits of 2019 Green Rewards - it's on us.
Fannie Mae will reimburse 100% of the cost of the HPB Report. To request reimbursement for an HPB Report, follow the instructions in the Job Aid "How To: Register, Quote, Close and Deliver a Green Mortgage Loan." To qualify for reimbursement of the HPB Report cost:
- Deal must have a Green Rewards quote
- Deal must go Under Application in DUS Gateway® no later than 5/20/2019
- Deal must deliver to Fannie Mae – either Green or non-Green
We’re looking forward to working with you on your next deal. Contact your deal team and let us show you the benefits of Green!