Green Mortgages Rockville Centre 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 Rockville Centre.

Local Companies

Chase Bank
(646) 698-0579
350 W 125th St
New York, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Customer1Stgroup, Llc
(516) 263-9525
244 5Th Avenue, Suite E222 New York, N.Y.10001
New York, NY
Celash Consulting Inc
718-712-3304
135-27 245th Street
ROSEDALE, NY
Chase Bank
(718) 261-4472
71-04 Woodhaven Blvd
Glendale, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Concept 2000 Mortgages Inc
(718)520-1932
8002 Kew Gardens Road Suite 303
KEW GARDENS, 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
- Reverse Mortgage Rockville Centre NY
The baby boom generation has graced the golden age. Today, seniors have become a significant consumer segment in the economy. With the fast growing population of elders and retired citizens, financing companies are finding ways to meet the core of seniors' needs. One such benefit that seniors greatly enjoy is reverse mortgage financing.
- Adjustable Rate Mortgage Rockville Centre NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Rockville Centre NY
- Safeguarding Against Foreclosure Rockville Centre NY
- How to Understand a N.I.N.J.A. Mortgage Rockville Centre NY
- About Buying a Foreclosure Property Rockville Centre NY
- Hidden Costs of Foreclosures Rockville Centre NY
- Flexible Mortgage For Self Employed Rockville Centre NY
- How to Talk to Mortgage Lenders Rockville Centre NY