Green Mortgages Long Island City 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 Island City.

Local Companies

Global Home Loan And Finance
(800)615-2212
2 Rector Street 13th Floor
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Washington Mutual Bank Locations Fair Lawn
(201)475-8260
33-11 Broadway
Fair Lawn, NJ
Coldwell Banker Five Star Realty Corporation
(718)253-0777
1733 Flatbush Avenue
BROOKLYN, NY
Meadowbrook Financial Mortgage Bankers
(516) 867-3020
2014 Grand Ave Suite 201
Baldwin, NY
Washington Mutual Bank Locations Garden City
(516)873-5290
975 Franklin Avenue
Garden City, NY
Gold Star Mortgage Inc.
(212)714-9190
350 5th Avenue Suite 1009
New York, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Q P Mortgage Center
(914)961-0902
1725 Central Park Avenue
YONKERS, NY
Cendant Mortgage
(646)230-7399
570 Washington Street
NEW YORK, 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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