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

Wells Fargo - Guttenberg
201-413-6640
6727 Bergenline Ave
Guttenberg, NJ
Washington Mutual Bank Locations Manhasset
(516)627-4348
384 Plandome Road
Manhasset, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Salim George Salloum (RFC®), MBA
937 389 9593
35 Teak Rd
Wayne, NJ
Funding Depot
(718)302-2222
134 Broadway
BROOKLYN, NY
Chase Bank
(212) 638-6892
55 Water St
New York, NY
Greater Jersey Mortgage Co
(973)731-5050
637 Eagle Rock Avenue
West Orange, NJ
Property Research Services Inc.
(212)240-9002
139 Fulton St Rm 1010
New York, NY
Ronald Mazzarella (RFC®), CHFC, CLU
973 994 9100
293 Eisenhower Parkway Suite 255
Livingston, NJ
Clear Funding Corporation
914-945-0005
Bronx, 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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