Green Mortgages Rosedale 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 Rosedale.

Local Companies

Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Capitol Home Funding Corporation
(201)569-0303
560 Sylvan Avenue
Englewood Cliffs, NJ
New Horizons Business Enterprise Inc
(718)990-8943
13711 159th Street
JAMAICA, NY
Citizens Mortgage Corporation
(718)736-9200
20116 Hillside Avenue
HOLLIS, NY
Bank of America - Pathmark - Weehawkin
800.432.1000
4100 Park Ave
Weehawken, NJ
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Citibank NA - Full Service Financial Centers, Nassau, Port Washington
516-883-0806
Port Washington, NY
Northpoint Mortgage Corporation
(516)354-4000
265 Hempstead Turnpike
ELMONT, NY
Financial Independance Group of America
(212)679-9523
240 East 27th Street Frnt
NEW YORK, 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

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