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

Wells Fargo - Ninth Avenue & 15Th Street
646-336-0300
66 9Th Ave
New York, NY
N Y Empire Real Estate Inc
(718)520-0120
11441 Queens Blvd
Forest Hills, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Winter & Company Commercial Real Estate Finance
(212)532-1122
13 East 37th Street Floor 6
NEW YORK, NY
American Capital Mortgage
(718)382-8600
1229 Ave U
BROOKLYN, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of S.Longbeach Rd 215 W. Merrick Rd.
Freeport, NY
Regency Abstract
(718)231-2676
3343 Paulding Av
Bronx, NY
I Dachs And Sons Inc
(516)374-1900
Po Box 338
Hewlett, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Classic Funding Llc
(718)339-4450
3119 Quentin Rd
BROOKLYN, NY
Data Provided by:
    

Provided By:


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

Related Articles
- About Buying a Foreclosure Property Rego Park NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- Adjustable Rate Mortgage Rego Park NY
- How to Understand a N.I.N.J.A. Mortgage Rego Park NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Rego Park NY
- Flexible Mortgage For Self Employed Rego Park NY
- Safeguarding Against Foreclosure Rego Park NY
- How to Talk to Mortgage Lenders Rego Park NY
- Reverse Mortgage Rego Park NY
- Hidden Costs of Foreclosures Rego Park NY