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

Elite Mortgage Group Inc
(201)941-4444
313 Broad Avenue
Ridgefield, NJ
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mortgage Central Of NY Inc
(718)351-4445
900 South Av
STATEN ISLAND, NY
CBI
(917)661-8700
111 8th Avenue
NEW YORK, NY
Primary Residential Mortgage Inc
(201) 780-9291
333 Meadowlands Pkwy Fl 4
Secaucus, NJ
TD Bank
(516) 937-9501
225 N Broadway
Hicksville, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mortgage World
(212)696-0003
14 East 34th Street Floor 3
NEW YORK, NY
Joy Mortgage Corporation
(718)961-1088
13611 38th Avenue
FLUSHING, NY
Apple Mortgage Corp
(212)221-6666
19 West 44
NEW YORK, 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