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

Capital One
201-420-2860
1291 Paterson Plank Rd
Secaucus, NJ
Allstate Insuranceed Rodriguez
(718)274-1004
31-87 Steinway St
Astoria, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Promo Net Gilt Title Bars
(973)748-7635
2 Alva Street
Bloomfield, NJ
G F C Mortgage Banker
(718)435-1700
4429 18th Avenue
BROOKLYN, NY
Chase Bank
(201) 947-2372
460 Bergen Blvd
Palisades Park, NJ
Family Home Lending Corp
(732)726-3300
523 Green St
Woodbridge, NJ
Allstate Insurance Barbara A. Balsamello
(718)253-5550
2753 Nostrand Avenue
Brooklyn, NY
Eagle Nationwide Mortgage Company
(201) 401-8500
660 Broadway
Bayonne, NJ
Hanover Mortgage Inc
(516)538-2600
230 Hilton Avenue Ofc
HEMPSTEAD, 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