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

Capital One
516-882-4302
3230 Sunrise Highway
Wantagh, NY
Preferred Advisory Group Inc
(914)779-0777
Post Office Box 306
Pelham, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Nationwide Equities
(516)594-5607
100 Merrick Road
ROCKVILLE CENTRE, NY
3N Capital Group
(718)961-4033
163-10 Northern Blvd
FLUSHING, NY
Capital One
516-483-2541
369 Merrick Ave
East Meadow, NY
Beneficial New York Inc Levittown
(516)731-4605
3507 Hempstead Turnpike
Levittown, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Par-Rate Mortgage Svcs Inc
(718)608-9000
4300 Hylan Blvd
STATEN ISLAND, NY
GMAC Mortgage National
(212)265-9738
1285 Avenue Of The Americ
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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