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

TD Bank
201-487-4945
341 Essex Street
Hackensack, NJ
Gfi Mortgage Bankers
(201)862-0001
1415 Queen Anne Rd
Teaneck, NJ
Washington Mutual Home Loan Centers Manhattan
(212)850-2100
101 Park Avenue Lbby
New York, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
San Remo
(800)801-4139
656 Court 2nd Floor
Elizabeth, NJ
Capital One
201-794-7220
24-02A Fair Lawn Ave
Fair Lawn, NJ
Fisher Agency
(973)589-8272
8 Wilson Ave
Newark, NJ
Global Home Loan And Finance
(800)615-2212
2 Rector Street 13th Floor
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Dana Mortgages
(201)242-4423
442 Main St
Fort Lee, NJ
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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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