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

American Financial Resources Inc
(201)330-9091
4100 Park Av
Union City, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Shelter Rock Mortgage CO
(718)291-4600
1 Hollow Lane
NEW HYDE PARK, NY
Hair King Corporation
(718)472-2626
3535 35th Street Suite 3
ASTORIA, NY
M And T Bank
(212) 350-2049
350 Park Ave
New York, NY
Capital One
718-860-3467
800 Food Center Dr Unit 35A
Bronx, NY
Doris M Floyd Real Estate
(718)794-4445
1565 White Plains Rd
Bronx, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mid-Island Mortgage Corp
(718)322-4001
95-07 101 Av
OZONE PARK, NY
Allnet Group Inc
(516)536-4040
333 Hempstead Av
MALVERNE, 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
- About Buying a Foreclosure Property Arverne NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- Adjustable Rate Mortgage Arverne NY
- Safeguarding Against Foreclosure Arverne NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Arverne NY
- How to Understand a N.I.N.J.A. Mortgage Arverne NY
- Flexible Mortgage For Self Employed Arverne NY
- Hidden Costs of Foreclosures Arverne NY
- Reverse Mortgage Arverne NY
- How to Talk to Mortgage Lenders Arverne NY