Green Mortgages Shirley 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 Shirley.

Local Companies

Giacalone Ins Agy
(631)281-4000
620 Montauk Hwy
Shirley, NY
JOSEPH CONBOY
P. O. BOX 449
SHOREHAM, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Custom Capital Corp
(631)232-7215
118 East Suffolk Av
CENTRAL ISLIP, NY
Affiliated Mortgage Services
(631)736-6633
3732 Route 112
CORAM, NY
Cfs Ins Agency Inc
(631)738-7300
941 Main St
Holbrook, NY
Insurance And Asset Organiz
(631)543-7311
12 Shelly Ct
Smithtown, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
Sterling National Mortgage CO Inc
(631)952-8011
200 Motor Parkway Suite C18
HAUPPAUGE, NY
Coach Real Estate Associates
(631)642-9000
415 East Main Street
PORT JEFFERSON, NY
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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

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