Green Mortgages Flushing 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 Flushing.

Local Companies

1st Citizen Mortgage Llc
(201)587-7775
95 State Hwy No 17 S
Paramus, NJ
Allstate Insurance Eric Yergan
(212)831-3100
226 E 89th St
New York, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Harkins John
(718)758-3582
1131 McDonald Av
BROOKLYN, NY
Credit Lenders Service Agency Inc
(201)343-0703
1 Bergen County Plaza
Hackensack, NJ
J And G Services
(718)234-5600
8204 17 Av
Brooklyn, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
RKS Group LLC
(516)933-4663
10 Woodcrest Drive
SYOSSET, NY
Data Provided by:
    

Provided By:


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

Related Articles
- About Buying a Foreclosure Property Flushing NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- How to Avoid Foreclosure by Knowing Your Mortgage Type Flushing NY
- How to Understand a N.I.N.J.A. Mortgage Flushing NY
- Hidden Costs of Foreclosures Flushing NY
- Safeguarding Against Foreclosure Flushing NY
- How to Talk to Mortgage Lenders Flushing NY
- Flexible Mortgage For Self Employed Flushing NY
- Reverse Mortgage Flushing NY
- Adjustable Rate Mortgage Flushing NY