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

Mir Abstracting Llc
(718)224-1647
38-50 Bell Blvd
Bayside, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Pro-Capital Consulting Services Inc
(914)381-1414
601 Halstead Av
MAMARONECK, NY
Dalco Financial Services Inc
(914)664-7800
120 Stevens Avenue Suite 2
MOUNT VERNON, NY
Nj Lenders Corporation
(646) 421-2246
215 Park Ave S Ste 1302
New York, NY
Home State Funding Solutions Llc
(201)223-0954
5303 Bergenline Av
Union City, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Myles Mortgage CO
(914)237-8660
1201 Yonkers Avenue
YONKERS, NY
CBI
(917)661-8700
111 8th 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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