Green Mortgages New York 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 New York.

Local Companies

Ronald Mazzarella (RFC®), CHFC, CLU
973 994 9100
293 Eisenhower Parkway Suite 255
Livingston, NJ
Bogota Savings Bank
201-862-0660
Teaneck, NJ
Fairmont Funding Limited
(718)979-5666
2381 Hylan Boulevard Suite 14
STATEN ISLAND, NY
ACM Mortgage Corporation
(718)464-7100
88-41 Ransom Street
QUEENS VILLAGE, NY
Prospect Mortgage Llc
(718) 533-3166
7520 Astoria Blvd Ste 375
East Elmhurst, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Salim George Salloum (RFC®), MBA
937 389 9593
35 Teak Rd
Wayne, NJ
Washington Mutual - Nostrand- Brooklyn- Bank
(718)284-5157
1462 Nostrand Avenue
BROOKLYN, NY
American General Financial Services
(718)629-5890
2167 Ralph Avenue
BROOKLYN, NY
Suntrust Mortgage Inc
(732) 388-7116
100 Walnut Ave
Clark, 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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