Green Mortgages South Richmond Hill 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 Richmond Hill.

Local Companies

Bank of America - 2196 Forest Avenue
718.273.5098
2196 Forest Avenue
Staten Island, NY
Capital Land Services Limited
(718)276-2611
33 West Hawthorne Avenue
Valley Stream, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Customer1Stgroup, Llc
(516) 263-9525
244 5Th Avenue, Suite E222 New York, N.Y.10001
New York, NY
Pro Realty Associates
(516)799-5130
5340 Merrick Road
MASSAPEQUA, NY
Chase Bank
(516) 766-1632
3285 Long Beach Rd
Oceanside, NY
Dier Associates Inc
(718)983-8484
207 Merrill Avenue
Staten Island, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Washington Mutual - Bank Locations- 53rd & Third
(212)752-2277
875 3rd Avenue
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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