- Countrywide's Green Incentive Program Initially Available in 13 States -
SEATTLE, March 19 /PRNewswire/ -- Countrywide Home Loans, a division of
Countrywide Bank, FSB, today announced the retail launch of its Green
Incentive Program, which will initially be available to qualified home
buyers in thirteen states, including: Alaska, Colo., Iowa, Idaho, Minn.,
Mont., Neb., N.D., Ore., S.D., Utah, Wash., and Wyo. The program provides
an interest rate reduction of .125% on a Countrywide loan used to purchase
a new home that is built meeting recognized green and energy efficient
standards.
"This program gives qualified home buyers more incentive to purchase
energy-efficient and green-built homes," said Dave Porter, senior vice
president and division builder manager for Countrywide. "Concern for the
environment and saving precious natural resources doesn't have to conflict
with buying a newly constructed home. Reduced interest rates, combined with
the fact that most owners of green-built, energy-efficient homes pay lower
monthly utility and water bills, make this program very attractive."
The Countrywide Green Incentive Program's interest rate reduction
applies to newly constructed homes that meet third-party, certified
standards of recognized green building programs, including Energy Star,
Earth Advantage, LEED for Homes and Built Green programs of local home
builder associations, as well as the National Association of Home Builder's
Green Building program.
For more information, call 800-262-4214 to speak with a Countrywide
regional builder manager and for a referral to a Certified Builder
Representative in your area. Additional information is also available
through many local Countrywide home loan consultants in areas where the
program is available.
About Countrywide Home Loans
Countrywide Home Loans is a division of Countrywide Bank, FSB -- a
member of the Countrywide(R) family: America's #1 home loan lender (as
ranked for 2007 by Inside Mortgage Finance, Jan. 25, 2008, Copyright 2008).
Countrywide Bank, FSB is the primary subsidiary of Countrywide Financial
Corporation (NYSE: CFC). Countrywide Financial Corporation, through its
subsidiaries, provides mortgage banking and diversified financial services
in domestic and international markets. Founded in 1969 and a member of the
S&P 500 and Fortune 500, Countrywide Financial Corporation is headquartered
in Calabasas, California.
SOURCE Countrywide Home Loans
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Related links:
http://www.countrywide.com
CONTACT:
Janet Quan, 1-800-796-8448, for Countrywide
Home Loans
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