Green Mortgages West Islip 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 West Islip.

Local Companies

Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Lakeview Funding
(516)264-7040
5302 Merrick Rd
MASSAPEQUA, NY
All Metro Mortgage
(631)467-5922
321 Dante Ct
HOLBROOK, NY
Chase Bank
(631) 981-4261
991 Main St
Holbrook, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
Waterfield Financial Corporation
(631)753-3030
35 Pinelawn Road Suite 203W
MELVILLE, 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
- How to Talk to Mortgage Lenders West Islip NY
Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...
- Hidden Costs of Foreclosures West Islip NY
- About Buying a Foreclosure Property West Islip NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type West Islip NY
- Adjustable Rate Mortgage West Islip NY
- Safeguarding Against Foreclosure West Islip NY
- Flexible Mortgage For Self Employed West Islip NY
- Reverse Mortgage West Islip NY
- How to Understand a N.I.N.J.A. Mortgage West Islip NY