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

Wells Fargo - Third & 78Th
646-422-5800
1370 3Rd Ave
New York, NY
Allstate Insurance Robert G Merlo
(201)867-2287
700 Plaza Drive
Secaucus, NJ
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Kenwood Martin S
(201)796-0005
611 River Dr
Fair Lawn, NJ
Cbc National Bank
(718) 705-8787
4240 Bell Blvd Ste 606
Bayside, NY
TD Bank
(212) 396-5740
1504 Third Avenue
New York City, NY
Conklin John C. Agency / Conklin And Kraft
(201)342-2145
1 University Plaza
Hackensack, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Bridgeview Abstract
(201)224-6678
260 Columbia Avenue
Fort Lee, NJ
Gary A Walker & Associates Inc
(516)825-6100
5 Sunrise Plaza
VALLEY STREAM, 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