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

Chase Bank
(914) 528-4221
3105 E Main St
Mohegan Lake, NY
Chase Bank
(845) 635-2191
1600 Main St, Ste 14
Pleasant Valley, NY
Mccann Thomas Abstract Corporation
(845)473-4779
150 Rinaldi Boulevard
Poughkeepsie, NY
Balch Buyers Realty
845-279-0374
Brewster, NY
Freedom Mortgage Corporation
(914) 930-7496
1013 Brown St
Peekskill, NY
HSBC Bank
1.800.975.HSBC (4722)
New Hackensack Rd 1555 Route 9
Wappingers Falls, NY
Chase Bank
(845) 782-8151
845 Rte 17m, Ste 10
Monroe, NY
American Real Estate Search And Settlement Corporation
(845)565-8111
5419 Route 9w
Newburgh, NY
First Insurance Agency Inc.
(845)231-3479
34 Pleasant Ridge Road Ext.
Poughquag, NY
Guarenteed Home Mortgage Corporation
(845)565-3555
52 North Plank Road
NEWBURGH, 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

Related Articles
- Adjustable Rate Mortgage Beacon NY
Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.
- How to Talk to Mortgage Lenders Beacon NY
- About Buying a Foreclosure Property Beacon NY
- Reverse Mortgage Beacon NY
- How to Understand a N.I.N.J.A. Mortgage Beacon NY
- Flexible Mortgage For Self Employed Beacon NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Beacon NY
- Safeguarding Against Foreclosure Beacon NY
- Hidden Costs of Foreclosures Beacon NY