Green Mortgages Rockaway 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 Rockaway Park.

Local Companies

Wells Fargo - Oceanside
516-764-6868
3584 Long Beach Rd
Oceanside, NY
Washington Mutual Oceansidelong Beach Rd Bank Locations Home Loan Cen
(516)561-3868
3648 Long Beach Road
Oceanside, NY
Atlantic Home Loans
201-798-2200
Hoboken, NJ
Realty Store 2000
(516)783-6000
2090 Wantagh Avenue
WANTAGH, NY
Inter-Continental Financial Services Inc
(718)423-6900
3808 Bell Boulevard Suite 2
BAYSIDE, NY
TD Bank
(516) 739-2605
855 Franklin Avenue
Garden City, NY
Wells Fargo - Park & 40Th
917-332-3620
99 Park Ave
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Washington Mutual - East Village- Bank
(212)674-3980
130 2nd Avenue
NEW YORK, NY
Land.Net- Inc.
(718)338-9721
1655 Flatbush Avenue
BROOKLYN, 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.

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