Green Mortgages East Meadow 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 Meadow.

Local Companies

Washington Mutual Bank Locations Bronx Westchester Sq
(718)892-7431
2700 East Tremont Avenue
Bronx, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Mortgage Managers Inc
(718)835-7555
8414 162nd Avenue
HOWARD BEACH, NY
Us Mortgage Corporation
(516) 580-2600
201 Old Country Rd Ste 140
Melville, NY
Capital One
516-872-6800
356 North Central Avenue
Valley Stream, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Kemdy Inc
(914)667-2200
420 East 3rd Street
MOUNT VERNON, NY
Data Provided by:
    

Provided By:


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

Related Articles
- How to Talk to Mortgage Lenders East Meadow NY
Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...
- Adjustable Rate Mortgage East Meadow NY
- About Buying a Foreclosure Property East Meadow NY
- Hidden Costs of Foreclosures East Meadow NY
- Safeguarding Against Foreclosure East Meadow NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type East Meadow NY
- Reverse Mortgage East Meadow NY
- Flexible Mortgage For Self Employed East Meadow NY
- How to Understand a N.I.N.J.A. Mortgage East Meadow NY