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

Wells Fargo - Jersey City Newport
201-795-7239
145 Thomas Gangemi Dr
Jersey City, NJ
Postive Mortgage Inc
(908)277-0507
350 Springfield Avenue
Summit, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Mortgage Central Of NY Inc
(718)351-4445
900 South Av
STATEN ISLAND, NY
Anatoliy Mikhaylov Mortgage Choice- Inc.
(718)459-6006
99-53 65th Avenue
REGO PARK, NY
Chase Bank
(212) 366-4081
71 W 23rd St
New York, NY
TD Bank
201-939-3823
571 New York Avenue
Lyndhurst, NJ
Paradise Mortgage Services Corporation
(908)561-3332
5 Mountain Boulevard Suite 7
Warren, NJ
Ronald Mazzarella (RFC®), CHFC, CLU
973 994 9100
293 Eisenhower Parkway Suite 255
Livingston, NJ
Fortune Property Management Corp
(718)444-5450
8416 Flatlands Av
BROOKLYN, NY
Data Provided by:
    

Provided By:


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

Related Articles
- How to Talk to Mortgage Lenders Staten Island NY
Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...
- Flexible Mortgage For Self Employed Staten Island NY
- Reverse Mortgage Staten Island NY
- Adjustable Rate Mortgage Staten Island NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Staten Island NY
- Hidden Costs of Foreclosures Staten Island NY
- How to Understand a N.I.N.J.A. Mortgage Staten Island NY
- Safeguarding Against Foreclosure Staten Island NY
- About Buying a Foreclosure Property Staten Island NY