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

TD Bank
(516) 489-1540
200 Hofstra University (Student Center)
Hempstead, NY
Aasef Business Services Inc.
(718)262-8457
175-12 93rd Ave
Jamaica, NY
Mcnicholas Oliver
(718)441-9800
120-19 101st Ave
South Richmond Hill, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Block Kenneth CPA
(516)568-0100
20 East Sunrise Highway Suite 200
VALLEY STREAM, NY
Capital One
516-466-9100
1010 Northern Blvd
Great Neck, NY
Bank of America - Lawrence/Cedarhurst
516.569.4200
400 Central Ave
Lawrence, NY
Global Home Loans And Finance National Headquarters
(631)951-3007
270 South Service Rd Suite 25
Melville, NY
Capital Land Services Limited
(516)823-0221
20 East Sunrise Highway
Valley Stream, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, 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

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