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

Optima Home Mortgage
(201)662-9118
7515 Bergenline Avenue
North Bergen, NJ
Walter Karle And Associates
(516)746-5626
392 Hillside Avenue
Williston Park, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Maspeth Federal Savings
(516)437-5000
801 Jericho Turnpike
NEW HYDE PARK, NY
American Bank
(908) 276-0350
6 Commerce Dr Ste 208
Cranford, NJ
Capital One
973-735-0120
487 Springfield Ave
Newark, NJ
Loscalzo Enterprises Limited
(516)365-0400
75 Plandome Road
Manhasset, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Maxime Brokerage
(718)468-0464
21485 Jamaica Ave
QUEENS VILLAGE, NY
Custom Capital Corp
(516)326-3803
245-04 Jericho Trnpk
FLORAL PARK, 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 Long Island City 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.
- Hidden Costs of Foreclosures Long Island City NY
- How to Understand a N.I.N.J.A. Mortgage Long Island City NY
- How to Talk to Mortgage Lenders Long Island City NY
- Safeguarding Against Foreclosure Long Island City NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Long Island City NY
- Adjustable Rate Mortgage Long Island City NY
- About Buying a Foreclosure Property Long Island City NY
- Flexible Mortgage For Self Employed Long Island City NY