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 - Jamaica Estates
800.432.1000
17557 Hillside Ave
Jamaica, NY
Bank of America - Arverne
800.432.1000
6603 Beach Channel Dr
Arverne, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Federal Home Loan
(212)418-8900
575 Lexington Avenue Floor 18
NEW YORK, NY
Odyssey Funding Llc
(718) 677-0700
1206 Avenue J
Brooklyn, NY
Citizens Bank - Forest Hills SS
718-441-3225
8989 Union Turnpike
Glendale, NY
Bank of America - Freeport
800.432.1000
189 W. Merrick Rd
Freeport, NY
Donesha Walls And Co
(973)596-1888
877 Broad Street
Newark, NJ
Manhattan Mortgage CO Inc
(212)593-4343
555 Madison Avenue
NEW YORK, NY
Eastpointe Management LLC
(516)248-0200
330 Old Country Road Suite 204
MINEOLA, 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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