Green Mortgages Saint Albans 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 Saint Albans.

Local Companies

Capital One
516-328-8100
620 Hempstead Tpke
Elmont, NY
Bank of America - Harlem West
212.662.2368
215 W. 125th St.
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Destiny Funding Group
(516)334-8019
1400 Old Country Road
WESTBURY, NY
Capital One
718-956-6190
22-04 31St St
Astoria, NY
Capital One
201-420-2890
201 Newark Ave
Jersey City, NJ
Washington Mutual Bank Locations Bronx Westchester Sq
(718)892-7431
2700 East Tremont Avenue
Bronx, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Glenwood Funding Corporation
(718)421-2138
3014 Glenwood Road
BROOKLYN, 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
- How to Avoid Foreclosure by Knowing Your Mortgage Type Saint Albans NY
Losing home in a foreclosure process is a miserable thing. And the reason behind foreclosure is that people stop making their mortgage payments. Ofen, you can avoid this unfortunate financial condition by reading the mortgage documents carefully, before signing on the dotted lines. Be sure to hire an attorney to help you understand what you are getting into.
- Adjustable Rate Mortgage Saint Albans NY
- About Buying a Foreclosure Property Saint Albans NY
- How to Understand a N.I.N.J.A. Mortgage Saint Albans NY
- Safeguarding Against Foreclosure Saint Albans NY
- Reverse Mortgage Saint Albans NY
- How to Talk to Mortgage Lenders Saint Albans NY
- Hidden Costs of Foreclosures Saint Albans NY
- Flexible Mortgage For Self Employed Saint Albans NY