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 - Mineola
800.432.1000
199 Jericho Turnpike
Mineola, NY
Phoenix Financial Services
(973)904-1774
862 Po Box
Paterson, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Surber Real Estate
(718)347-6007
24773 Jamaica Avenue
BELLEROSE, NY
First Shot Home Placement
(718)574-5124
835 Jefferson Ave
BROOKLYN, NY
Bank of America - 72nd and First Avenue
646.794.0409
1330 1st Avenue
New York, NY
TD Bank
973-857-6801
85-107 Pompton Avenue
Cedar Grove, NJ
Gateway Funding Diversified Mortgage Services Lp
(908)688-5187
1023 Stuyvesant Avenue
Union, NJ
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
N Y Mortgage Exchange
(516)676-3600
14 Glen Street
GLEN COVE, 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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