Green Mortgages Monsey 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 Monsey.

Local Companies

Dci Mortgage Bankers
(201)487-6663
195 Polifly Rd
Hackensack, NJ
Allstate Insurance Edward J Purcell
(201)652-5000
289 Godwin Ave
Midland Park, NJ
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Salim George Salloum (RFC®), MBA
937 389 9593
35 Teak Rd
Wayne, NJ
Just Mortgage Inc
(909) 348-1600
1 Park 80 Plz W # 200
Saddle Brook, NJ
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Regency Financial Servicesjustin Pisano Public Accountant
(201)525-1900
60 Court St Ste 6
Hackensack, NJ
Washington Mutual Bank Wayne
(973)628-5618
1401 Valley Road
Wayne, NJ
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Countrywide Home Loans
(914)397-2866
525 North Broadway
WHITE PLAINS, 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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