Green Mortgages Rego Park 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 Rego Park.

Local Companies

Bank of America - Lenox Gardens
212.662.0102
106 West 117th Street
New York, NY
Wells Fargo - Park Avenue & 48Th Street
917-322-6580
299 Park Ave
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Washington Mutual - Bank Locations- 15th & 8th Avenue
(212)691-5896
111 8th Avenue
NEW YORK, NY
Residential Lending Services Inc
(973) 624-7380
60 Park Pl Fl 11
Newark, NJ
Wells Fargo - Bogota
201-587-7471
75 W Main St
Bogota, NJ
Wells Fargo - Third & 78Th
646-422-5800
1370 3Rd Ave
New York, NY
Community Preservation Corporation
(201)547-5626
75 Montgomery Street
Jersey City, NJ
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Lincoln Equities Credit Corp.
(888)999-5462
990 Stewart Avenue
GARDEN CITY, 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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