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 China Midtown Branch
(212)935-3101
410 Madison Avenue
New York, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Wb Capital Funding
(973)676-8192
586 Central Avenue
East Orange, NJ
FOXX Capital Funding Inc
(718)726-8181
3403 Broadway
ASTORIA, NY
Continental Funding
(718)488-8888
2254 East 29
BROOKLYN, NY
Chartered Finance And Realty Corporation
(212)308-4886
575 Lexington Avenue Rm 2850
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Chelsea Financial Services Inc
201-342-6594
Hackensack, NJ
Washington Mutual - Bank Locations- Queens- Bayside
(718)428-0261
3839 Bell Boulevard
BAYSIDE, NY
First Fidelity Brokerage
(718)333-9101
133 Avenue North
BROOKLYN, 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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