Green Mortgages Bronx 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 Bronx.

Local Companies

1st Metropolitan Mortgage
(973)522-0094
339 Lafayette St
Newark, NJ
Dvl Inc
(212)350-9900
70 East 55th Street Floor 7
New York, NY
Allstate Insurance Joseph D Butler
(718)447-0900
1190 Forest Av
Staten Island, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Luxury Mortgage Corporation
(212)579-6400
139 West 82nd Street
NEW YORK, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Spectrum Funding
(516)933-3200
100 Jericho Turnpike
Jericho, NY
Reverse Mortgage Division B N Y Mortgage Co L L C Jennifer M. Jalil
(845)624-1036
The Bank Of New York 250 South Middletown Road
Nanuet, 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

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