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.

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Washington Mutual Bank Locations Nutley
(973)542-0205
351 Centre Street
Nutley, NJ
Vanguard Title Agency Inc
(212)532-8686
164 Madison Avenue Floor 3
New York, NY
Ronald Mazzarella (RFC®), CHFC, CLU
973 994 9100
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Livingston, NJ
Central Mortgage Co Llp
(732)968-6557
444 North Avenue
Dunellen, NJ
Money Source
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854 Fulton
BROOKLYN, NY
Wells Fargo - Third Avenue & 52Nd Street
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866 3Rd Ave
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Allstate Insurance Randy A. Moccia
(212)879-6406
1103 Lexington Ave.
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Vital Mortgage Services
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50 Dodd Street
Bloomfield, NJ
SBLI USA Mutual Life Insurance Company- Inc.
(877)725-4872
460 W. 34th Street / Suite 800
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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