Green Mortgages Far Rockaway 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 Far Rockaway.

Local Companies

Washington Mutual Union City
(201)601-2661
3900 Bergenline Avenue
Union City, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
United Hudson Title Agency Llc
(201)585-1144
2011 Lemoine Av
Fort Lee, NJ
Command Mortgage Corporation
(718)850-6641
11301 101st Avenue
SOUTH RICHMOND HILL, NY
Commonwealth Home Mortgage Bankers Corp
(516) 327-0100
1983 Marcus Ave Ste 104
New Hyde Park, NY
Bank of America - Hudson Mall
800.432.1000
701 Hwy 440
Jersey City, NJ
Precision Reporting Abstract Co Inc
(718)439-3857
505 59th Street Apt 2r
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Prestige Capital
(718)846-8600
8722 Lefferts Boulevard
RICHMOND HILL, NY
Alpha Funding Group Inc
(718)382-8200
1729 East 12th Street
BROOKLYN, 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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