Green Mortgages Monroe 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 Monroe.

Local Companies

Integrity Mortgage Process Center
(718) 366-1003
1104 Cypress Ave
Ridgewood, NY
Allstate Mortgage Company
(718) 331-7200
1629 Bath Ave
Brooklyn, NY
American Home Loans
(716) 667-3733
6546 E Quaker St
Orchard Park, NY
Aegis Lending Corporation
(585) 421-0435

Rochester, NY
American Liberty Mortgage
(516) 877-8103
323 Merrick Ave
Merrick, NY
Trans Global Mortgage Corp
(718) 792-1845
2893 Buhre Ave
Bronx, NY
Aegis Lending Corp
(716) 835-7201
300 Corporate Pkwy Ste 118N
Buffalo, NY
Windsor Capital Inc
(718) 547-5045
3343 Paulding Ave
Bronx, NY
Suntrust Mortgage
(631) 421-3868
58 New St
Huntington, NY
Home Headquarters Inc
(315) 474-1939
120 E Jefferson St
Syracuse, NY

Provided By:


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.

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