Green Mortgages Astoria 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 Astoria.

Local Companies

Capital One
201-626-2436
525 Washington Blvd- 1St Fl
Jersey City, NJ
First Jersey Mortgage Services Inc
(201)863-4293
5601 Bergenline Avenue
West New York, NJ
Decap Insurance Of Yonkers
(914)968-7101
800 Central Park Avenue
Yonkers, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Network Lenders of America
(914)631-3700
25501 Northern Boulevard Suite 1
LITTLE NECK, NY
Capital One
201-420-2700
35 Journal Square
Jersey City, NJ
C B Richard Ellis
(845)623-2705
61 South Paramus Rd
Paramus, NJ
North America Title Agency Inc
(917)369-1301
545 Madison Av
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, 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