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.

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Jdiazmonylenders
(718)459-3326
67-12 Yellowstone Boulevard Suiteg
Forest Hills, NY
Gp Ins Agcy West Tower
(516)365-0600
137 Eab Plaz #5fl
Uniondale, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mortgage Processing Corporation
(212)505-9504
535 3 14th St Suite 8-H
NEW YORK, NY
Lynx Mortgage Bank Llc
(516) 334-0200
143 Post Ave
Westbury, NY
Bank of America - Astoria
800.432.1000
3181 Steinway St
Astoria, NY
Allstate Insurance Raymond John Stroveglia
(516)795-6600
5516 Merrick Road
Massapequa, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
MRichards Realty
(718)701-1378
221-07 113 Drive
QUEENS VILLAGE, NY
Contour Mortgage Corporation
(516)227-2500
1900 Hempstead Turnpike Suite 206
EAST MEADOW, 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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