Green Mortgages Baldwin 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 Baldwin.

Local Companies

Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Middle B Enterprises Inc
(516)487-5600
111 Great Neck Road Suite 306
GREAT NECK, NY
Hsbc Bank Usa Na
(631) 420-7610
534 Broadhollow Rd Ste 100
Melville, NY
Selective Associates Inc
(516)546-5500
1687 Merrick Avenue
Merrick, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Paul Martin Limited
(516)746-5700
332 Willis Avenue Bsmt
MINEOLA, NY
Continental Home Loans Inc
(516) 837-6980
515 Rockaway Ave
Valley Stream, 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
- Reverse Mortgage Baldwin NY
The baby boom generation has graced the golden age. Today, seniors have become a significant consumer segment in the economy. With the fast growing population of elders and retired citizens, financing companies are finding ways to meet the core of seniors' needs. One such benefit that seniors greatly enjoy is reverse mortgage financing.
- How to Understand a N.I.N.J.A. Mortgage Baldwin NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Baldwin NY
- About Buying a Foreclosure Property Baldwin NY
- Hidden Costs of Foreclosures Baldwin NY
- Safeguarding Against Foreclosure Baldwin NY
- How to Talk to Mortgage Lenders Baldwin NY
- Flexible Mortgage For Self Employed Baldwin NY
- Adjustable Rate Mortgage Baldwin NY