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

Bank of America - Saint Albans
800.432.1000
20502 Linden Blvd
Saint Albans, NY
Washington Mutual Brooklyn Bay Parkway
(718)234-2408
6501 Bay Parkway
Brooklyn, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Coldwell Banker
212-207-6080
New York, NY
Sullivan Financial Services Inc
(973) 325-5000
100 Executive Dr Ste 140
West Orange, NJ
Chase Bank
(516) 569-0441
1735 Peninsula Blvd
Hewlett, NY
State Title Agency Llc
(908)964-4060
Union Area
Union, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Blue Mountain Commercial Corporation
516-887-7727
Lynbrook, 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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