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

Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
National Standard Mortgage Corporation
(914)631-6060
150 White Plains Road Suite 110
Tarrytown, 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
Capital Plus Corp.
(718)847-5300
106-06 Jamaica Avenue
RICHMOND HILL, NY
Chase Bank
(845) 359-3111
80 Old Tappan Rd
Tappan, NY
Ifc Inc
(201)845-8300
52 Forest Ave
Paramus, NJ
Household Finance Corporation Yonkers
(914)961-1253
2167 Central Park Avenue
Yonkers, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Jim Mooney Realty Inc
(718)343-2580
24707 Jamaica Avenue
BELLEROSE, 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