[GSBN] Secondary lenders for straw bale home mortgages

[bill c]

There are hundreds of homes listed in the strawbale 
registry <http://sbregistry.greenbuilder.com/> which have 
received conventional mortgages.  I have not heard one 
report of a lender refusing to be the secondary lender, 
and I would find it hard to believe that there weren't 
many SB homes' mortgages which haven't sold on the 
secondary market.  I don't have hard evidence of that, but 
perhaps it's time to send a query to the list of 
registerees and ask them.  Or perhaps just the owners of 
SBs in the appropriate state or region for starters.



On Tue, 25 Nov 2008 14:57:09 -0700
  "Ben Yeomans" <ben at redfeather.org> wrote:
> Hello All,
> 
>   We’re looking into funding options for our home 
>applicants on the
> Northern Cheyenne reservation. The local bank that we 
>are working with
> doesn’t think they can find a secondary lender for a SB 
>home. She included
> the following in her last email and we don’t have any 
>examples to point her
> to.
> 
> 
> 
> “Do you know of any homes that you have done in the 
>past, if they were sold
> on the secondary market to any special investor, say 
>FNMA or Freddy Mac, or
> Sun Trust, maybe Chase, etc”
> 
> 
> 
> Any suggestions on how best to proceed?
> 
> 
> 
> Thanks,
> 
> 
> 
> Ben
> 
> 
> 
> Ben Yeomans
> 
> Community Build Associate
> 
> Red Feather Development Group
> 
> P.O. Box 907
> 
> Bozeman, MT 59771-0907
> 
> (T) - (406) 585-7188   (F) - (406) 585-7187
> 
> HYPERLINK "mailto:ben at redfeather.org"ben at redfeather.org
> 
> HYPERLINK "http://www.redfeather.org"www.redfeather.org
> 
> 
> 
> 
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