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

Morning Star Real Estate And Financing Corporation
(516)797-4663
5372 Merrick Road
Massapequa, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Upland Financial Equities
(718)353-2974
3915 Main Street Suite 301
FLUSHING, NY
Household Finance Corporation
(718)597-1300
68 Westchester Square
BRONX, NY
Action Sibadan Real Estate
(718)843-6200
11706 Rockaway Boulevard
SOUTH OZONE PARK, NY
Chase Bank
(718) 620-1032
74 Horizon Plz
Bronx, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Jardin Verde Inc
(718)335-1717
9501 Roosevelt Ave
JACKSON HEIGHTS, NY
Colonial Mortgage
(516)626-5107
333 Jericho Turnpike Suite 211
JERICHO, 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