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

TD Bank
(718) 982-1124
1837 Richmond Avenue
Staten Island, NY
1st Choice Mortgage Corp
(973)761-4500
59 2nd Street
South Orange, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
The Mortgage Mall Inc.
(516)374-7083
1360 Boxwood drive west
HEWLETT, NY
Bill Gallo Realty
(516)825-2000
224 West Merrick Road
VALLEY STREAM, NY
Chase Bank
(212) 873-1207
335 Columbus Ave
New York, NY
Chicago Title Insurance
(973)740-9292
6 Becker Farm Road
Roseland, NJ
The Treiber Group Llc
(516)745-0800
377 Oak St
Garden City, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Neptune Sign Company
(718)231-4700
3524 Rombouts Avenue
BRONX, 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