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

S And M Funding
(718)334-9841
3738 73rd Street
Jackson Heights, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mortgage Financial Services Inc
(516)872-6767
8 Maple Avenue
ROCKVILLE CENTRE, NY
Franklin First Financial
(631)264-6500
111 Merrick Road
AMITYVILLE, NY
Bayside Mortgage
(718)746-9100
207-12 Northern Blvd
BAYSIDE, NY
Washington Mutual Brooklyn Fulton Street
(718)398-0228
1392 Fulton Street
Brooklyn, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
RCH Mortgage Inc
(718)458-0435
3729 72nd Street
JACKSON HEIGHTS, NY
Franklin First Financial Ltd
(718)782-2961
567 Flushing Av
BROOKLYN, NY
Edward Jones
(516)742-7832
190 Willis Ave
MINEOLA, 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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