Green Mortgages Sunnyside 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 Sunnyside.

Local Companies

Capital One
732-541-4956
785 Roosevelt Ave
Carteret, NJ
Washington Mutual Mount Vernon Bank Locations Yonkers
(914)423-3423
29 South Broadway
Yonkers, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Assign New York Inc
(516)944-7878
86 Mackey Av
PORT WASHINGTON, NY
Emigrant Bank
(212) 850-4778
5 E 42Nd St Fl 7
New York, NY
Capital One
201-436-9056
175 Avenue A
Bayonne, NJ
TD Bank
(212) 627-8209
200 W 26th Street
New York City, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Washington Mutual - Coney Island- Brooklyn- Bank
(718)946-9552
2909 West 17th Street
BROOKLYN, NY
Amicus Financial Services
(516)741-7766
100 East Old Country Road # 31
MINEOLA, 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