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

Bank of America - Bay Ridge
800.432.1000
6901 5th Ave
Brooklyn, NY
Residential Lending Services Inc
(973)624-7380
60 Park Place
Newark, 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
Bob Wrynn Mortgage Lending
(800)977-4590
150 West 47th St. # PH-A
NEW YORK, NY
Bank of America - 149th St
800.432.1000
329-A E 149th St
Bronx, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Chicago Title
(212)880-1200
711 3rd Avenue
New York, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Eagle Home Funding American Homes
(516)796-9021
2279 Hempstead Turnpike
EAST MEADOW, 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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