Green Mortgages Staten Island 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 Staten Island.

Local Companies

Dcap Insurance
(718)486-6466
465 Lorimer St
Brooklyn, NY
Washington Mutual Bank Locations 57th And First Avenue
(212)752-9205
360 East 57th Street
New York, NY
Ronald Mazzarella (RFC®), CHFC, CLU
973 994 9100
293 Eisenhower Parkway Suite 255
Livingston, NJ
Rally Mortgage
(718)441-4957
9440 Lefferts Boulevard
SOUTH RICHMOND HILL, NY
Schuyler Savings Bank
(201) 991-6078
24 Davis Ave
Kearny, NJ
Bank of America - East Village
800.432.1000
72 Second Ave
New York, NY
Fidelity National Mortgage
(718)759-1036
8602 4th Avenue
Brooklyn, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
First Jersey Mortgage Services Inc
201-939-5245
Lyndhurst, NJ
Continental Funding
(718)488-8888
2254 East 29
BROOKLYN, 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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