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 - Union - Route 22
908.622.9324
2500 Route 22 Ctr
Union, NJ
Rubygold Financial
(631)218-0800
1250 Broadway Suite 3701
New York, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Washington Mutual-Financial Center
(212)772-6242
1520 York Ave
NEW YORK, NY
Logue Capital
(914)237-2226
1049 Yonkers Avenue
YONKERS, NY
Capital One
516-872-6800
356 North Central Avenue
Valley Stream, NY
Spectrum Funding
(516)933-3200
100 Jericho Turnpike
Jericho, NY
Parrate Mortgage Services Inc
(718)442-4038
62 Sand Ln
Staten Island, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Sybedon Equities Corporation
(212)749-4000
891 Amsterdam Avenue
NEW YORK, 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