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

HSBC Bank
1.800.975.HSBC (4722)
Corner Fordham And Jerome One East Fordham Rd
Bronx, NY
Quality Mortgage Services Corporation
(201)222-0073
3142 John F Kennedy Boulevard
Jersey City, NJ
Ameriserv Abstract Inc
(718)258-5959
2013 Flatbush Avenue
Brooklyn, NY
Franklin First Financial Ltd
(718)782-2961
567 Flushing Av
BROOKLYN, NY
Semper Home Loans Inc
(201) 449-0292
131 Main St Ste 250
Hackensack, NJ
HSBC Bank
1.800.975.HSBC (4722)
Corner Of 33Rd Street 2 Park Ave.
New York, NY
Bank of America - Jefferson Avenue
800.432.1000
135 Jefferson Ave
Elizabeth, NJ
Elite Title Services Inc
(201)488-1686
302 Union Street
Hackensack, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Citibank
(718)469-5371
1871 Nostrand Ave
BROOKLYN, 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