Green Mortgages Freeport 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 Freeport.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
Americana Mall 2030 Northern Blvd.
Manhasset, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Bank Of America Na Charlotte
(516) 454-3767
135 Pinelawn Rd Ste 150S
Melville, NY
HSBC Bank
1.800.975.HSBC (4722)
Mile North Of Rr Station 523 Middle Neck Rd
Great Neck, NY
The Town Agency Dba
(516)485-5200
239 Nassau Blvd S
Garden City, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Mortgage Match Inc
(516)783-7070
1380 Bellmore Avenue
BELLMORE, 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
- About Buying a Foreclosure Property Freeport NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- How to Understand a N.I.N.J.A. Mortgage Freeport NY
- Safeguarding Against Foreclosure Freeport NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Freeport NY
- Flexible Mortgage For Self Employed Freeport NY
- Adjustable Rate Mortgage Freeport NY
- How to Talk to Mortgage Lenders Freeport NY
- Reverse Mortgage Freeport NY
- Hidden Costs of Foreclosures Freeport NY