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
(845) 496-3636
74 E Main St
Washingtonville, NY
Citizens Bank - Poughkeepsie SS
845-431-6870
2540 South Rd.
Poughkeepsie, NY
Allstate Insurance Howard Klein
(914)245-8100
204 E Main St
Jefferson Valley, NY
CTX Mortgage CO Inc
(845)564-5500
6 Jeanne Drive
NEWBURGH, NY
B P G Mortgage Corporation
(914)827-9030
5 Baltic Place Suite 2
CROTON ON HUDSON, NY
HSBC Bank
1.800.975.HSBC (4722)
Across From Key Foods 1609 Main Street
Pleasant Valley, NY
Wells Fargo - New Paltz
845-255-6600
29 Main St
New Paltz, NY
M And T Bank Branches Hopewell Junction
(845)221-9161
424 Route 376
Hopewell Junction, NY
Stoneleigh Inc
(845)621-4251
559 Route 6
MAHOPAC, NY
Cornerstone Funding CO
(845)562-0066
5020 Route 9W
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

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