Green Mortgages South Ozone 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 South Ozone Park.

Local Companies

Emmes Capital Llc
(212)293-8828
420 Lexington Avenue 9th Floor
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
Fidelity Borrowing LLC
(516)228-8222
600 Old Country Road
GARDEN CITY, NY
Brockway Barry J ESQ
(212)334-4800
254 Canal Street
NEW YORK, NY
Capital One
718-860-3467
800 Food Center Dr Unit 35A
Bronx, NY
Lotus Funding Inc Reg. Mortgage Broker With Nys Banking Dept
(718)835-4233
10304 Lefferts Boulevard
South Richmond Hill, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Olympia Mortgage Corporation
(718)322-8100
11026 Liberty Avenue
SOUTH RICHMOND HILL, NY
Newlife Financial CO
(718)358-0038
16223 Depot Road
FLUSHING, 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