Green Mortgages Little Neck 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 Little Neck.

Local Companies

Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Whitaker Brooke & Harrison Inc
(718)643-6650
261 Adelphi Street
BROOKLYN, NY
Cliffco Inc
(516) 408-7300
1048 Old Country Rd
Westbury, NY
Capital One
914-725-1901
764 White Plains Rd (Rte 22)
Scarsdale, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
American Home Mortgage
(516)396-7700
520 Broadhollow Road Suite 1
MELVILLE, 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
- Reverse Mortgage Little Neck NY
The baby boom generation has graced the golden age. Today, seniors have become a significant consumer segment in the economy. With the fast growing population of elders and retired citizens, financing companies are finding ways to meet the core of seniors' needs. One such benefit that seniors greatly enjoy is reverse mortgage financing.
- How to Talk to Mortgage Lenders Little Neck NY
- How to Understand a N.I.N.J.A. Mortgage Little Neck NY
- Flexible Mortgage For Self Employed Little Neck NY
- Hidden Costs of Foreclosures Little Neck NY
- Adjustable Rate Mortgage Little Neck NY
- Safeguarding Against Foreclosure Little Neck NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Little Neck NY
- About Buying a Foreclosure Property Little Neck NY