Green Mortgages 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 Elmhurst.

Local Companies

Capital One
718-984-6572
150 Greaves Lane
Staten Island, NY
Bank of America - Pathmark - Ackerman
800.432.1000
85 Ackerman Ave
Clifton, NJ
Elite Title Services Inc
(201)488-1686
302 Union Street
Hackensack, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Schoenfeld Glickman Maloy Inc
(516)569-7272
534 Willow Avenue Suite 203
CEDARHURST, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of Canal Street 58 Bowery
New York, NY
Bank of America - Closter
800.432.1000
15 Vervalen St
Closter, NJ
Bank of America - Glen Ridge Drive Up
800.432.1000
726 Bloomfield Ave
Glen Ridge, NJ
Welsh Agency Inc
(718)351-6000
267 New Dorp Lane
Staten Island, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, 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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