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

Columbian Lawyers Associates Of Nassau County Inc
(516)294-7037
370 Old Country Road Suite 100
Garden City, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Sunny Lake Mortgages
(718)843-7137
135-49 Lefferts Blvd
SOUTH OZONE PARK, NY
Landmark Marketing LLC
(516)481-4402
175 Fulton Av
HEMPSTEAD, NY
Exeter Holdings Limited
(516)338-7500
131 Jericho Turnpike Suite 205
JERICHO, NY
Wells Fargo - Broadway & 56Th
212-424-2660
1755 Broadway
New York, NY
Murphy And Jordan
(212)962-5620
1 Seaport Plz
New York, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Lo Verde & Associates
(718)476-6700
7920 Eliot Avenue
MIDDLE VILLAGE, NY
Fleet Private Clients Group
(212)907-5629
60 E 42nd St
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