Green Mortgages Springfield Gardens 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 Springfield Gardens.

Local Companies

Bank of America - Brooklyn Heights
800.432.1000
205 Montague St
Brooklyn, NY
Washington Mutual Bank Locations Rockville Centre
(516)596-3801
120 North Village Avenue
Rockville Centre, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Citi-Net Capital Group Corporation
718-896-8888
Rego Park, NY
Best Buy Mortgage- Corp
(718)441-8900
108-23 Jamaica Avenue
RICHMOND HILL, NY
Bank of America - Jamaica and Sutphin
347.592.2940
90-53 Sutphin Boulevard
Jamaica, NY
Whitaker Brooke And Harrison Inc
(718)643-6650
261 Adelphi Street
Brooklyn, 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- Manhasset
(516)627-4348
384 Plandome Road
MANHASSET, 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