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

Allstate Insurance Vincent J. Monte
(718)631-2248
58-47 Francis Lewis Blvd
Oakland Gardens, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Peabody Financial Corporation
(212)983-7500
144 East 44th Street Lbby
NEW YORK, NY
Cruise Consultant Value
(718)998-0943
1611 East 19th Street Apt 2
BROOKLYN, NY
Municipal Housing Authority
(914) 793-8400
1511 Central Park Avenue
Yonkers, NY
Wells Fargo - Madison & 45Th Street
212-885-6200
360 Madison Ave
New York, NY
Papas Den Mortgage Co Inc
(718)720-4400
1165 Forest Av
Staten Island, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
First Estate Funding Corp
(718)860-6800
751 Commonwealth Av
BRONX, NY
Prospect Mortgage Llc
(973) 865-3252
181 Maplewood Ave
Maplewood, NJ
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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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