Green Mortgages East Elmhurst 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 East Elmhurst.

Local Companies

Jared Cutler
611 Pondside Drive
White Plains, NY
Clear Funding Corporation
914-945-0005
Bronx, NY
Bergen Financial Llc
(201)896-8100
150 Park Avenue
East Rutherford, NJ
Washington Mutual-Financial Center
(516)623-6530
1696 Merrick Rd
MERRICK, NY
Dream House Funding Limited
(718)949-0707
22501 Linden Boulevard
CAMBRIA HEIGHTS, 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
C Quinn & CO
718-383-9065
Brooklyn, NY
Cambridge Capital
(201)871-3767
176 Wood Rd
Englewood Cliffs, NJ
Flex Mortgage
(718)821-9100
7920 Cypress Avenue
RIDGEWOOD, 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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