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

Capital One
718-346-3801
5102 Church Ave
Brooklyn, NY
First Manhattan Management Corp
(718)455-6800
737 Myrtle Ave
Brooklyn, NY
Ronald Mazzarella (RFC®), CHFC, CLU
973 994 9100
293 Eisenhower Parkway Suite 255
Livingston, NJ
Sovereign Financial Group Inc.
(212)307-3261
405 Lexington Avenue - 26th Floor
NEW YORK, NY
Mi Casa II Realty Corp
(718)931-8888
1737 White Plains Road
BRONX, NY
Capital One
718-956-6190
22-04 31St St
Astoria, NY
American Mortgage Company
(201)288-6996
200 Boulevard
Hasbrouck Heights, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Caldwell Banker Five Star Realty Corporation
718-253-0777
Brooklyn, NY
Nationwide Mortgage Corp
(718)793-6644
108-18 Queens Blvd
FOREST HILLS, 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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