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 - Oyster Bay
800.432.1000
157 South St
Oyster Bay, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Yale Capital Inc
(646)366-1577
39 West 37th Street Lbby
NEW YORK, NY
Surrey Place Realty
(718)380-4141
8016 Surrey Place
JAMAICA, NY
Lane Mortgage LLC
(516)937-9300
500 North Broadway
JERICHO, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner 3Rd Ave & 23Rd St 302 3Rd Ave
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Coral Mortgage Bankers
908-354-7666
Elizabeth, NJ
Titan Capital LLC
(516)683-8059
100 Quentin Roosevelt Boulevard
GARDEN CITY, NY
M S D Corporation
(516)377-0884
1915 Leonard Lane
MERRICK, 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