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

M.l. Beer Investments Inc.
(201)996-6000
2 University Plaza
Hackensack, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Commons Financial Inc
516-922-9335
Oyster Bay, NY
Michael Mcfadden Agency Inc
(201)385-3300
20 East Madison Avenue
Dumont, NJ
88 Mortgage Corporation
(718)439-1026
775 57th Street
BROOKLYN, NY
Bank of America - Jamaica Estates
800.432.1000
17557 Hillside Ave
Jamaica, NY
Platinum Resources
(516)222-4942
600 Old Country Rd
Garden City, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
F S I And Associates Inc
(201)886-2397
935 River Road
Edgewater, NJ
Prymar Inc
(718)789-7900
917 Fulton
BROOKLYN, 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