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

Fleet Mortgage Co
(585) 726-8700
159 E Main St
Rochester, NY
Argent Mortgage
(914) 428-6715
333 Westchester Ave
West Harrison, NY
North Coast Mortgage Company
(585) 698-1551
69 Cascade Dr
Rochester, NY
Central Mortgage Co
(718) 507-9183
189 Montague St
Brooklyn, NY
Central Mortgage Company
(631) 421-3800
200 Broadhollow Rd Ste 400B
Melville, NY
Ameriquest Mortgage
(516) 496-2838
6800 Jericho Tpke
Syosset, NY
Eagle Nationwide Mortgage Co
(718) 630-5295
6204 11th Ave
Brooklyn, NY
Eagle Nationwide Mortgage
(845) 897-4950
121 Village Cmn
Fishkill, NY
Queens Mortgage Co
(718) 888-9668
3609 Main St Ste 9B
Flushing, NY
Ameriquest Mortgage
(516) 877-0742

Garden City, 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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