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

Mortgages Indeed Northeast Inc
(516)942-3333
975 Franklin Avenue
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
Washington Mutual-Financial Center
(631)351-5545
150 Walt Whitman Rd
HUNTINGTON STATION, NY
Great American Mortgage Corp
(732) 698-0300
142 Mineola Avenue Suite 3B
Roslyn Heights, NY
HSBC Bank
1.800.975.HSBC (4722)
Belmont Avenue 85 Farmingdale Rd
West Babylon, 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
JMD Capital Corporation
(516)938-0400
500 North Broadway Suite 255
JERICHO, 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
- Adjustable Rate Mortgage Freeport NY
Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.
- Safeguarding Against Foreclosure Freeport NY
- How to Talk to Mortgage Lenders Freeport NY
- Flexible Mortgage For Self Employed Freeport NY
- Reverse Mortgage Freeport NY
- About Buying a Foreclosure Property Freeport NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Freeport NY
- How to Understand a N.I.N.J.A. Mortgage Freeport NY
- Hidden Costs of Foreclosures Freeport NY