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

Putnam Title Agency Corp
(845)940-1881
2435 Route 6
Brewster, NY
Golden Insurance
(845)457-1900
109 Ward Street
Montgomery, NY
Residential Home Funding Corp
(845)563-3801
5020 Route 9W
NEWBURGH, NY
Hudson Heritage Federal Credit Union
(845)561-5607
2 Corwin Court
NEWBURGH, NY
Allan Kaplan Insurance Agency
(845)297-3266
1315 Route 9
WAPPINGERS FALLS, NY
TD Bank
845-469-4468
78 Brookside Avenue, Suite 101
Chester, NY
Prudential Rand Realty
(845)565-6690
401 Windsor Highway
New Windsor, NY
Crystal Clear Abstract Corporation
(845)452-2740
321 Main Street
Poughkeepsie, NY
Hudson Valley Capital
(914)528-0472
Peekskill Hollow Rd
PUTNAM VALLEY, NY
Guarantee Home Mortgages Company Inc
(845)265-5300
292 Main
COLD SPRING, 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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