Green Mortgages Jackson Heights 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 Jackson Heights.

Local Companies

National Credit Repair
(973)674-2500
432 North Grove
Newark, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
CountrywideFull Spectrum Lending Division
718-730-8330
Forest Hills, NY
Century 21 Scully Realty
(516)889-7110
94 Long Beach Road
ISLAND PARK, NY
Municipal Credit Union
(212) 238-3571
22 Cortlandt St
New York, NY
Bank of America - Chinatown Bayard
212.406.4711
50 Bayard St
New York, NY
Zmortgage Corporation
(516)512-8885
1225 Franklin Avenue
Garden City, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Pan Am Mortgage & Financial Services
(516)228-9300
2160 Hempstead Trnpk
EAST MEADOW, NY
Amstar Mortgage Inc
(516)505-3568
236 Fulton Av
HEMPSTEAD, 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