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

HSBC Bank
1.800.975.HSBC (4722)
46Th And Park Ave 250 Park Ave
New York, NY
Capital One
718-768-8798
516 5Th Ave
Brooklyn, NY
S And M Funding
(718)334-9841
3738 73rd Street
Jackson Heights, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
American Mortgage Inc
(718)815-6500
981 Bay Street
STATEN ISLAND, NY
HSBC Bank
1.800.975.HSBC (4722)
1315 Peninsula Blvd.
Hewlett, NY
Chase Bank
(516) 783-5860
1201 Wantagh Ave
Wantagh, NY
Cars Are Us Insurance
(718)739-2600
185-04 Hillside Ave
Hollis, NY
Washington Mutual 40th And Broadway Bank
(212)302-2555
1431 Broadway Lbby
New York, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, 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

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