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

Bank of America - Getty Square
800.432.1000
20 S. Broadway
Yonkers, NY
Alan Kamm
(516)829-5634
305 Northern Blvd Ste 212 P.o. Box 630219
Little Neck, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Express Mortgage Inc
973-256-1770
Little Falls, NJ
Saint Realty Corporation
(718)377-3170
1 Hillel Place Suite 2
BROOKLYN, NY
HSBC Bank
1.800.975.HSBC (4722)
29 East Ridgewood Avenue
Ridgewood, NJ
Wells Fargo - Third Avenue & 58Th Street
917-322-6700
731 Lexington Ave
New York, NY
Washington Mutualfinancial Center
(516)623-6530
1696 Merrick Rd
Merrick, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Dana Capital
(201)941-6411
21 Grand Av
Cliffside Park, NJ
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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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