Green Mortgages Valley Stream 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 Valley Stream.

Local Companies

Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Cambridge Capital
(201)871-3767
176 Wood Rd
Englewood Cliffs, NJ
Southern Star Mortgage Corporation
(516)371-2188
99 The Plaza Suite 1
ATLANTIC BEACH, NY
Kingsford Corporation
(212)696-2100
171 Madison Avenue Rm 1300
NEW YORK, NY
Ameriquest Mortgage Company
(718)746-2035
1720 Whitestone Expressway
WHITESTONE, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Time Out for Value Inc
(718)268-1350
6858 147th Street
FLUSHING, NY
Paramount Mortgage Corporation
(516)487-2626
175 Great Neck Road
GREAT NECK, NY
Hardenburgh Joseph F RL Estate
(516)431-2320
33 Lido Boulevard
LONG BEACH, 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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