Green Mortgages Ridgewood 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 Ridgewood.

Local Companies

Bank of America - Dyckman Street & Broadway
718.838.7924
210 Dyckman Street
New York, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Schoenfeld Glickman Maloy Inc
(516)569-7272
534 Willow Avenue Suite 203
CEDARHURST, NY
Nationwide Equities Corporation
(914)965-1100
5 Seminary Avenue
YONKERS, NY
Gfi Mortgage Bankers Inc
(212) 837-4537
1602 Avenue U
Brooklyn, NY
Bank of America - Bergenfield
201.387.1083
35 S. Washington Ave
Bergenfield, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Countrywide Full Spectrum Lending Division
718-722-0111
Brooklyn, NY
Peoples Funding Enterprize
(212)868-5533
450 7th Ave Suite 860
NEW YORK, NY
Allegiance Mortgage Corporation
(516)248-2800
500 Old Country Road Suite 307
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