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

Washington Mutual Bank Locations Franklin Square North Franklin Sq
(516)328-1742
186 New Hyde Park Road
Franklin Square, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Hamilton Equity Inc
(516)358-2600
115 Meacham Avenue
ELMONT, NY
1st Republic Mortgage Bankers Inc
(718)380-3800
8021 164th Street
JAMAICA, NY
Wells Fargo - Greenvale
516-484-3740
9 Northern Blvd
Greenvale, NY
Murphy And Jordan
(212)962-5620
1 Seaport Plz
New York, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Station Plaza Funding Inc
(914)632-6670
305 North Av
NEW ROCHELLE, NY
Colonial Mortgage
(516)626-5107
333 Jericho Turnpike Suite 211
JERICHO, 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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