FHA Multifamily Finance Fannie Mae and Freddie Mac Apartment Loans: FHA reduces MIP for energy efficiency

Energy efficiency and sustainability for MIP Reduction

After April 1, 2016 HUD paves the way to reduce the MIP (by more than 25%!) if an energy audit is performed on a property, and then energy improvements are implemented to achieve an Energy Star Benchmarking Score of 75 or greater and Green Certification. The Mortgage Insurance Premium (MIP) program is geared towards substantial rehabilitation and new construction projects, with premium reductions much greater for these projects compared to existing refinance transactions.

About Us:

Our knowledgeable team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, and FHA- and FNMA-insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Chuck has been president of a FHA mortgage company and a developer. Scott was the VP of Origination at Oppenheimer and Co.'s Commercial Real Estate and FHA Midwest Lending Department. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.

FHA Multifamily Finance Fannie Mae and Freddie Mac Apartment Loans

Apartment Refinance and Purchase Loans

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Friday, April 15, 2016

FHA reduces MIP for energy efficiency

Energy efficiency and sustainability for MIP Reduction

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