Green Mortgages Beacon 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 Beacon.

Local Companies

Citizens Bank - Wappinger Falls / SS
845-298-9468
1357 Rt 9
Wappinger Falls, NY
Citizens Bank - Newburgh SS
845-566-4080
1429 Meadow Hill Rd./Rt. 300 Rt. 87
Newburgh, NY
Consumer Marketing Services Inc
(845)473-6929
272 Main Street
Poughkeepsie, NY
HFA Inc
(845)782-1947
118 Seven Springs Road
MONROE, NY
Freedom Mortgage Corporation
(914) 930-7496
1013 Brown St
Peekskill, NY
Chase Bank
(914) 528-4221
3105 E Main St
Mohegan Lake, NY
Citizens Bank - West Haverstraw
845-429-4200
26 South Route 9W
W. Haverstraw, NY
Walden Federal Monroe Office
(845)782-2949
288 Larkin Drive
Monroe, NY
Tax & Mortgage Consultant
(845)486-8951
94 Washington
POUGHKEEPSIE, NY
B P G Mortgage Corporation
(914)827-9030
5 Baltic Place Suite 2
CROTON ON HUDSON, NY

Provided By:


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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