Green Mortgages Brooklyn 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 Brooklyn.

Local Companies

Bank of America - Grand Central Terminal
212.949.0102
200 Park Avenue
New York, NY
S And P Financial Services
(718)805-6795
10211 Jamaica Avenue
Richmond Hill, NY
Lend America Inc
(718)925-0500
105-40 Rockaway Blvd
OZONE PARK, NY
Flex Mortgage
(718)821-9100
7920 Cypress Avenue
RIDGEWOOD, NY
Isb Mortgage Co Llc
(973) 376-8100
249 Millburn Ave
Millburn, NJ
HSBC Bank
1.800.975.HSBC (4722)
Hunts Point Market 1360 East Bay Ave
Bronx, NY
Allstate Insurance George S. Papagianopoulos
(718)261-3131
113-03 Queens Blvd
Forest Hills, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Green Capital Corporation
(516)483-4831
1121 Front Street
UNIONDALE, NY
Artland Realty Company
(718)469-6400
3810 Church Av
BROOKLYN, 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
- About Buying a Foreclosure Property Brooklyn NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- How to Understand a N.I.N.J.A. Mortgage Brooklyn NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Brooklyn NY
- Adjustable Rate Mortgage Brooklyn NY
- How to Talk to Mortgage Lenders Brooklyn NY
- Flexible Mortgage For Self Employed Brooklyn NY
- Reverse Mortgage Brooklyn NY
- Hidden Costs of Foreclosures Brooklyn NY
- Safeguarding Against Foreclosure Brooklyn NY