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 - New Paltz SS
845-256-3802
271 Main St.
New Paltz, NY
Bank of America - Springvale
914.737.7100
2042 Albany Post Rd
Croton-on-Hudson, NY
Gail S Finger
(845)734-4400
3566 Crompond Rd
Cortlandt Manor, NY
Clear Abstract Inc
(845)565-8900
5419 Route 9w
Newburgh, NY
Dutchess County Mortgage Corporation
(845)473-2981
1145 Route 55
LAGRANGEVILLE, NY
Chase Bank
(845) 471-2030
2586 S Rd
Poughkeepsie, NY
Citizens Bank - Red Oaks Mill
845-462-7300
32 Vassar Road
Poughkeepsie, NY
M And T Bank Area Branches M And T Securities Inc Branches Cold Sp
(845)265-3628
40 Chestnut Street
Cold Spring, NY
Walden Federal Monroe Office
(845)782-2949
288 Larkin Drive
Monroe, NY
Rhinebeck Savings Bank
(845)485-6574
708 Dutchess Turnpike
POUGHKEEPSIE, 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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