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

Sas Insurance Agency
(201)997-2360
233 Kearny Avenue
Kearny, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
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RE Max Southshore Realty
(516)599-4848
385 Rockaway Avenue
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Astoria Federal Savings And Loan Assn
(516) 535-8254
211 Station Rd
Mineola, NY
Wells Fargo - Fort Lee Lemoine
201-947-0700
2011 Lemoine Ave
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Fidelity Trust Realty Incorporated
(917)493-1500
100 West 113
Manhattan, NY
Jared Cutler
611 Pondside Drive
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Zachary Peter L & Assocs Inc
(718)232-1655
6419 18th Ave
BROOKLYN, NY
Home Federal Savings Bank - Loan Centers
(718)641-6510
15514 Crossbay Boulevard
HOWARD BEACH, 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.

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