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

Dci Mortgage Bankers
(201)487-6663
195 Polifly Rd
Hackensack, NJ
Notaryofnewyork.com Casandra L. Kelting Cnsa
(917)299-8357
Po Box 141188
Staten Island, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
United Republic Mortgage
(212)582-5858
14 West 55th Street Apt 6A
NEW YORK, NY
The Bank Of New York Mellon
(212) 815-6140
101 Barclay St # 4W
New York, NY
Union Federal Mortgage Corp
(973)890-7575
13 Fairfield Av
Little Falls, NJ
Denis A Miller Insurance Agency Inc
(516)432-9245
60 West Park Avenue
Long Beach, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Westchester Money Store Inc
(914)576-5500
271 North Avenue
NEW ROCHELLE, NY
RMW Appraisers Ltd.
(516)377-7188
P.O. Box 295
OCEANSIDE, 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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