Green Mortgages Hollis 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 Hollis.

Local Companies

Yves Express Realty Inc.
(718)776-4280
19333 Jamaica Avenue
Hollis, NY
Allstate Insurance Nelson Puello
(914)235-9700
215 North Ave Store #d
New Rochelle, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Washington Mutual-Financial Center
(212)349-0990
270 Broadway
NEW YORK, NY
All American Home Mortgage Corp
(516) 747-6600
329 Hempstead Tpke Fl 2
West Hempstead, NY
Capital One
212-685-2295
10 E 34Th St
New York, NY
Chicago Title
(516)296-4600
377 Oak Street Lowr
Garden City, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Metropolitan Mortgage Banking Corporation
(212)608-3688
11 East Broadway
NEW YORK, 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
- How to Avoid Foreclosure by Knowing Your Mortgage Type Hollis NY
Losing home in a foreclosure process is a miserable thing. And the reason behind foreclosure is that people stop making their mortgage payments. Ofen, you can avoid this unfortunate financial condition by reading the mortgage documents carefully, before signing on the dotted lines. Be sure to hire an attorney to help you understand what you are getting into.
- Adjustable Rate Mortgage Hollis NY
- About Buying a Foreclosure Property Hollis NY
- Reverse Mortgage Hollis NY
- How to Talk to Mortgage Lenders Hollis NY
- Flexible Mortgage For Self Employed Hollis NY
- How to Understand a N.I.N.J.A. Mortgage Hollis NY
- Safeguarding Against Foreclosure Hollis NY
- Hidden Costs of Foreclosures Hollis NY