Green Mortgages Arverne 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 Arverne.

Local Companies

Mckinnon Doxsee Agency
(516)931-0600
276 Duffy Ave
Hicksville, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Point To Port Realty Limited
(516)944-6800
7 Old Shore Road
PORT WASHINGTON, NY
First Republic Bank - Park Avenue
(212)486-6700
1230 Avenue Of The Americ
NEW YORK, NY
Countrywide Home Loans
(516)542-2900
333 Earle Ovington Boulevard
UNIONDALE, NY
Bank of America - Pathmark - North Bergen
800.432.1000
2115 69th St
North Bergen, NJ
Northwood Abstract
(718)631-5750
60 East 42nd Street
New York, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Haibiscus Insurance Agency Inc
(718)322-4801
124-15 Rockaway Blvd
SOUTH OZONE PARK, NY
Finest Star Mortgage Corporation
(516)536-7880
70 Seaman Avenue
ROCKVILLE CENTRE, 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