Green Mortgages Mastic 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 Mastic.

Local Companies

National Insurance Brkge
(631)273-4242
125 Wireless Blvd
Hauppauge, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
Washington Mutual - Bank Locations- Patchogue
(631)447-8078
499 North Service Road Suite 83
PATCHOGUE, NY
Hartford Funding Limited
(631)588-9300
2040 Ocean Avenue
RONKONKOMA, NY
First Rate Capital Mortgage Bankers
(631)285-6792
4250 Veterans Memorial Hwy
HOLBROOK, NY
Citizens Bank - Holbrook SS
631-563-6862
5701 Sunrise Highway
Holbrook, NY
JOSEPH CONBOY
P. O. BOX 449
SHOREHAM, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Stafford Capital Inc
(631)751-4300
207 Hallock Road Suite 205
STONY BROOK, NY
Green Valley Mortgage
(631)325-2226
510 Main
EASTPORT, 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