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

Chase Bank
(516) 484-5005
57 Northern Blvd
Greenvale, NY
Capital One
718-335-1500
37-02 82Nd Street
Jackson Heights, NY
Norman Ostrow Inc
(201)963-1364
880 Bergen Avenue Suite 402
Jersey City, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Washington Mutual - Bank Locations- Brooklyn- Smith Street
(718)923-9020
192 Smith Street
BROOKLYN, NY
HSBC Bank
1.800.975.HSBC (4722)
Between Chambers & Warren 265 Broadway
New York, NY
Chase Bank
(718) 261-4060
12422 Queens Blvd
Kew Gardens, NY
Bank of America - Hempstead
800.432.1000
3 Main St
Hempstead, NY
Allstate Insurancetony Jones/ Day Spring Agency Inc.
(718)566-0100
964 Utica Ave
Brooklyn, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, 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