Green Mortgages Queens Village 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 Queens Village.

Local Companies

Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Rockford Mortgage CO
(631)957-1111
503 West Montauk Highway
LINDENHURST, NY
Love Funding Corporation
(212)952-1020
5 Hanover Sq
NEW YORK, NY
Amerifund Home Mortgage LLC
(212)922-9555
420 Lexington Av
NEW YORK, NY
A.S.K. Mortgage Corp
(718)323-8700
107-29 Liberty Avenue
OZONE PARK, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Morningstar Mortgage Bankers Inc
(631)761-5626
500 Bi County Boulevard
FARMINGDALE, NY
First Option Funding
(718)845-6666
127-01 111th Ave
SOUTH OZONE PARK, NY
American Liberty Mortgage
(516)377-1995
2795 Milburn Av
BALDWIN, 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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