Green Mortgages Maspeth 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 Maspeth.

Local Companies

Bank of America - Cooke Ave
800.432.1000
25 Cooke Avenue
Carteret, NJ
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Tri Century Mortgage Corporation
(718)898-1249
14511 Jamaica Avenue # 1
JAMAICA, NY
Network Realty Inc
(718)720-5948
1450 Clove Road
STATEN ISLAND, NY
Mgn Funding Corporation
(914) 328-4646
3050 Whitestone Expy Ste 305
Flushing, NY
Bank of America - Larchmont
800.432.1000
1890 Palmer Ave
Larchmont, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Citibank
212-867-6993
New York, NY
RE Max Southshore Realty
(516)599-4848
385 Rockaway Avenue
VALLEY STREAM, NY
Carribean Mortgage Corporation
(718)322-1900
11016 Liberty Avenue
SOUTH RICHMOND HILL, 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