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

Wells Fargo - Jersey City Downtown
201-413-6607
101 Hudson St
Jersey City, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Vixem Mortgage Co
(201)947-7722
42 Mercer Av
Fort Lee, NJ
Mortgage Zone Inc
(212)527-7550
575 Lexington Avenue
NEW YORK, NY
Fundamental Mortgage Corp
(718)209-3360
1404 East 92
BROOKLYN, NY
Capital One
718-232-4907
7120 New Utrecht Ave
Brooklyn, NY
Wells Fargo - Yonkers Avenue
914-776-2480
1076 Yonkers Ave
Yonkers, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
R and R Mortgage
(718)505-6890
9219 Roosevelt Avenue
JACKSON HEIGHTS, NY
Love Funding Corporation
(212)953-0204
708 3rd Avenue Lbby
NEW YORK, 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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