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

Chase Bank
(201) 969-9629
950 River Rd
Edgewater, NJ
Citinet Capital Group Corp
(718)896-8888
97-45 Queens Blvd
Rego Park, NY
F S I And Associates Inc
(201)886-2397
935 River Road
Edgewater, NJ
Schloss & Walcoe PC
(212)949-4665
245 East 40th Street Apt 12C
NEW YORK, NY
John Glenn Associates
(516)877-7918
55 Herricks Road
NEW HYDE PARK, NY
Chase Bank
(212) 491-9217
330 W 145th St
New York, NY
Capital One
718-468-7800
73-16 Bell Blvd
Bayside, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Washington Mutual Bank Locations Fairview
(201)313-8750
153 Bergen Boulevard
Fairview, NJ
Martino Joseph
(516)538-1818
320 Nassau Blvd
GARDEN CITY, 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