Green Mortgages Forest Hills 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 Forest Hills.

Local Companies

Morgan Funding Corporation
(201)217-9779
26 Journal Square Floor 2
Jersey City, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
My Own Mortgage Inc
(718)738-5900
11705 115th Avenue
SOUTH OZONE PARK, NY
Funding Gallery
(718)686-8898
1170 39th Street
BROOKLYN, NY
Capital One
718-768-8798
516 5Th Ave
Brooklyn, NY
Jenkins John B Insurance
(516)627-0001
21 George Street
Manhasset, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Northern Funding LLC
(212)465-2003
132 West 31st Street Floor 14
NEW YORK, NY
MRichards Realty
(718)701-1378
221-07 113 Drive
QUEENS VILLAGE, 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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