Green Mortgages Coram NY

Financing has often been the missing piece in green home sales. Nationally, Fannie Mae offers an energy-efficient mortgage, which allows a lender to use the estimated monthly utility savings to increase an applicant's buying power and qualify them for a higher-priced home in Coram.

Local Companies

Culhane And King Insurance
(631)368-2110
360 Larkfield Road Apt 2
East Northport, NY
Washington Mutualfinancial Center
(631)589-0701
131 Main St
Sayville, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Affiliated Mortgage Services
(631)736-6633
3732 Route 112
CORAM, NY
Chase Bank
(631) 399-3101
425 William Floyd Pkwy
Shirley, NY
Blecker Mitchell J Insurance
(631)588-1750
971 Main Street
Holbrook, NY
JOSEPH CONBOY
P. O. BOX 449
SHOREHAM, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
Washington Mutual-Financial Center
(631)981-4261
991 Main St
HOLBROOK, NY
Data Provided by:
    

Provided By:


Comfort Zone: Creating a Middle Ground for Green Building and Great Profits


By Alison Rice


Financing has often been the missing piece in green home sales. But attitudes are changing, especially at Fannie Mae. "We want to encourage lenders and builders to be more resource efficient and give the consumer benefits based on the fact that they're spending less on utilities," says Jim Taylor, director of product development in Fannie Mae's housing impact division. "They're a better credit risk to us because they're not spending that money on utilities."


Nationally, Fannie Mae offers an energy-efficient mortgage, which allows a lender to use the estimated monthly utility savings to increase an applicant's buying power and qualify them for a higher-priced home.


Taylor estimates that the lender did quite well in its first mortgage energy business. He expects the specific numbers to jump higher as Fannie Mae conducts more marketing and product development.


Some buyers may have a second option: Fannie Mae's home performance power product, which boosts an applicant's monthly income by the home's monthly energy savings. Lower utility cost is just one requirement of this mortgage, which is available only in specific markets. In Albuquerque, N.M., for example, a home must demonstrate energy efficiency and be located within 5 miles of downtown.

Click here to read full article from Builder Online

Related Articles
- Reverse Mortgage Coram NY
The baby boom generation has graced the golden age. Today, seniors have become a significant consumer segment in the economy. With the fast growing population of elders and retired citizens, financing companies are finding ways to meet the core of seniors' needs. One such benefit that seniors greatly enjoy is reverse mortgage financing.
- Adjustable Rate Mortgage Coram NY
- Hidden Costs of Foreclosures Coram NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Coram NY
- About Buying a Foreclosure Property Coram NY
- Flexible Mortgage For Self Employed Coram NY
- Safeguarding Against Foreclosure Coram NY
- How to Understand a N.I.N.J.A. Mortgage Coram NY
- How to Talk to Mortgage Lenders Coram NY