Green Mortgages Brewster 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 Brewster.

Local Companies

Wells Fargo - Danbury Main
203-790-6095
210 Main St
Danbury, CT
New Milford Mortgage Company
(860)355-3846
6 Main Street
New Milford, CT
Tuthill Finance
(845)896-5760
883 Main Street
FISHKILL, NY
Household International
(914)737-1616
50 Dayton Lane
PEEKSKILL, NY
Dutchess County Mortgage Corporation
(845)473-2981
1145 Route 55
LAGRANGEVILLE, NY
Wells Fargo - Ridgefield
203-438-3751
368 Main St
Ridgefield, CT
Wells Fargo - Mount Kisco
914-241-8160
195 N Bedford Rd
Mount Kisco, NY
Ashmore Agency Inc
(203)744-7000
Po Box 617
Danbury, CT
J & B Associates
(845)621-9897
459 Barrett Hill Road
MAHOPAC, NY
Highland Falls Federal Savings & Loan Association
(845)446-4711
252 Main Street
HIGHLAND FALLS, 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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