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

Nationwide Insurance Co
(516)938-3737
675 Broadway Mall
Hicksville, NY
Washington Mutual Bank Locations 40th And Lexington
(212)370-0110
355 Lexington Avenue
New York, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
New Vision Mortgage The
(973)893-0025
400 Broadacres Dr
Bloomfield, NJ
American Home Loans
(718)738-3333
118-15 150 Av
SOUTH OZONE PARK, NY
Capital One
718-379-3222
725 Co Op City Blvd
Bronx, NY
State Farm Insurance
(516)735-1900
3252 Hempstead Turnpike
Levittown, 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
Dearie Mortgage Group Inc
(516)944-7500
31 South Bayles Avenue
PORT WASHINGTON, 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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