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

Nacco Capital Corporation
(718)826-1500
1988 Bedford Avenue
Brooklyn, NY
Preferred Advisory Group Inc
(914)779-0777
Post Office Box 306
Pelham, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Merrimax Capital CO
(718)645-3050
1912 Avenue M
BROOKLYN, NY
Chicago Bancorp Inc
(718) 673-6017
575 8Th Ave Rm 2114
New York, NY
Parsons And Associates
(973)546-1583
122 Midland Avenue
Garfield, NJ
Borzell Joseph T Rl Estate
(516)482-7200
617 Middle Neck Road
Great Neck, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Zarrilli Associates Inc
(718)876-9000
34 Beach Street
STATEN ISLAND, NY
Basik Funding Inc
(914)478-8811
177 High
HASTINGS ON HUDSON, 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