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

1st Metropolitan Mortgage
(973)522-0094
339 Lafayette St
Newark, NJ
Doris M Floyd Real Estate
(718)794-4445
1565 White Plains Rd
Bronx, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Allegiance Mortgage Corporation
(718)456-4400
6903 Fresh Pond Road
RIDGEWOOD, NY
Allied Mortgage Capital
(201)222-8077
112 Bowers Street
Jersey City, NJ
Kennys Accounting And Income Tax Service
(718)252-4311
1805 Flatbush Avenue
Brooklyn, NY
Washington Mutual Bank Locations 57th And First Avenue
(212)752-9205
360 East 57th Street
New York, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Helmsley-Spear Inc
(212)687-6400
60 East 42nd Street Lbby 7
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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