Green Mortgages Long Beach 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 Long Beach.

Local Companies

Bank of America - Long Island City - Jackson Avenue
347.536.3320
24-10 Jackson Avenue
Long Island City, NY
Nbp Insurance Brokerage Inc
(631)587-3230
712 West Montauk Highway
West Babylon, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Haibiscus Insurance Agency Inc
(718)322-4801
124-15 Rockaway Blvd
SOUTH OZONE PARK, NY
Pnc Bank, National Association
(631) 777-5858
175 Pinelawn Rd Ste 200
Melville, NY
Chase Bank
(516) 623-8100
180 Atlantic Ave
Freeport, NY
Allstate Insurance Brenda J. Stitt
(718)377-8181
1864 A Flatbush Ave
Brooklyn, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Options Plus Mortgage Center
(718)949-0030
23212 Linden Boulevard
CAMBRIA HEIGHTS, NY
American Integrity Capital Corporation
(718)803-3322
8207 Northern Boulevard
JACKSON HEIGHTS, 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