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

Capital One
516-741-5800
225 Glen Cove Rd
Carle Place, NY
Washington Mutual Home Loan Centers New York
(917)521-3000
4001 Broadway
New York, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Yes Funding Corporation
(516)877-0081
146 Old Country Road Suite 200
MINEOLA, NY
Coldwell Banker Napolitano Realty Inc
(718)848-2000
9409 101st Avenue
OZONE PARK, NY
HSBC Bank
1.800.975.HSBC (4722)
Across St From Mcdonalds 1201 Nepperhan Ave
Yonkers, NY
Allstate Insurance Thomas L. Conneely
(516)781-7722
110 Bedford Ave
Bellmore, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Guardhill Financial Corporation
(212)688-9500
950 3rd Avenue Floor 24
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