Green Mortgages Woodside 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 Woodside.

Local Companies

Capital One
718-326-2005
74-11 Metropolitan Ave
Middle Village, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
B E M Financial Services
718-940-9940
Brooklyn, NY
GMAC Mortgage National
(212)265-9738
1285 Avenue Of The Americ
NEW YORK, NY
Fairmont Funding Limited
(718)438-4141
6009 16th Avenue
BROOKLYN, NY
Capital One
201-288-0088
459D Rt 17 South
Hasbrouck Heights, NJ
Nabon Inc
(973)374-9204
103 Nesbit Terr
Irvington, NJ
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Prestige Home Equities
(516)741-0888
500 Old Country Road Suite 104
GARDEN CITY, NY
Flex Mortgage
(718)821-9100
7920 Cypress Avenue
RIDGEWOOD, 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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