Green Mortgages Middle Village 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 Middle Village.

Local Companies

The Treiber Group Llc
(516)745-0800
377 Oak St
Garden City, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Wells Fargo Home Mortgage
(718)780-9100
335 Adams Street
BROOKLYN, NY
Mortgage It
(718)339-7737
809 Kings Hwy
BROOKLYN, NY
All American Home Mortgage Corp
(718) 633-4810
1001 60Th St
Brooklyn, NY
Title Fax Inc
(516)358-9558
110 Jericho Trnpk
Floral Park, NY
Allstate Insurance Jamie B. Acarino
(516)333-4848
990 Westbury Rd #200
Westbury, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Simon Steven M
(212)679-2968
274 Madison Avenue Rm 904
NEW YORK, NY
Primelending A Plainscapital Company
(212) 481-5350
270 Madison Ave Fl 18
New York, 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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