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

Bank of America - Montgomery
800.432.1000
21 Union St
Montgomery, NY
Charter One Bank New Loan Information Residential Mortgage And Construction Loans Mort
(845)279-5545
1515 Route 22
Brewster, NY
Sun Mortgage Company
(914)736-7562
2 Robbie Road
CORTLANDT MANOR, NY
Charter One Bank - New Loan Information- Residential Mortgage & Construction Loans- Mort
(845)279-5545
1515 Route 22
BREWSTER, NY
Hometown Bank Of The Hudson Valley
(845) 778-5371
12 Main St
Walden, NY
Chase Bank
(845) 446-4981
271 Main St
Highland Falls, NY
Citizens Bank - Newburgh SS
845-566-4080
1429 Meadow Hill Rd./Rt. 300 Rt. 87
Newburgh, NY
Colony Mortgage Company - Fax
845-223-7278
Hopewell Junction, NY
Sound Federal Savings - Peekskill
(914)737-2777
1019 Park Street
PEEKSKILL, 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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