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

Bank of America - Elmwood Park
201.794.6880
505 Blvd
Elmwood Park, NJ
Helen Beichel
1133 Park Place
Brooklyn, NY
Phoenix Capital Group Inc
(718)636-8000
394 Waverly Avenue
BROOKLYN, NY
Long Island Federal Credit Union
(516)333-3322
346 Westbury Avenue
CARLE PLACE, NY
Allstate Insurance Companies
(718)661-0700
13517 Northern Boulevard
FLUSHING, NY
Capital One
718-471-0500
17-39 Seagirt Blvd
Far Rockaway, NY
Washington Mutual North Bergen
(201)558-1033
1445 Kennedy Boulevard
North Bergen, NJ
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
P JM Mortgage Service Inc
(516)390-4660
50 Charles Lindbergh Boulevard
UNIONDALE, NY
Finest Star Mortgage Corporation
(516)536-7880
70 Seaman Avenue
ROCKVILLE CENTRE, 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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