Green Mortgages Riverhead 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 Riverhead.

Local Companies

Sylvias Mortgage
(516)933-6160
10 Corwin Ln
Hampton Bays, NY
Budget Brokerage Rvrhead
(631)369-1000
1186 East Main Street
Riverhead, NY
Lighthouse Insurance
(631)283-7000
1730 County Road 39
Southampton, NY
Manhattan Mortgage
(631)288-4555
63 Main Street
WESTHAMPTON BEACH, NY
Mortgage Master Inc
(631) 998-3438
50 Sunset Ave
Westhampton Beach, NY
Bank of America - Shirley Branch
800.432.1000
1017 Montauk Highway
Shirley, NY
Washington Mutual Bank Locations Patchogue
(631)447-8078
499 North Service Road Suite 83
Patchogue, NY
Brisotti And Silk Worth Inc
(631)725-3013
Division
Sag Harbor, NY
JOSEPH CONBOY
P. O. BOX 449
SHOREHAM, NY
Asean Capital Inc
(631)289-2670
31 West Main Street Suite 212
PATCHOGUE, 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 Riverhead 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.
- How to Talk to Mortgage Lenders Riverhead NY
- Flexible Mortgage For Self Employed Riverhead NY
- About Buying a Foreclosure Property Riverhead NY
- Safeguarding Against Foreclosure Riverhead NY
- Hidden Costs of Foreclosures Riverhead NY
- How to Understand a N.I.N.J.A. Mortgage Riverhead NY
- Adjustable Rate Mortgage Riverhead NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Riverhead NY