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

TD Bank
845-225-8429
96 Gleneida Avenue
Carmel, NY
Homestead Funding Corp
(845)896-1800
2 Summit Ct
Fishkill, NY
Hyatt Andrews And Murray
(203)744-7944
Po Box 2507
Danbury, CT
Homestead Fuel Inc
(203)791-1736
109 North Street
Danbury, CT
Bonacic Lobiondo & Krahulik LLP
(845)897-4500
1399 Route 52
FISHKILL, NY
Wells Fargo - Danbury Mill Plain
203-830-3888
108 Mill Plain Rd
Danbury, CT
Citizens Bank - Brewster
845-279-6166
1515 Route 22 Ste. D-1
Brewster, NY
Mortgage Force Llc
(203)270-6252
228 South Main Street
Newtown, CT
Ctx Mortgage Company
(203)798-6333
36 Mill Plain Road
Danbury, CT
Hamilton Mortgage Corporation
(203)438-9445
724 Danbury Road
Ridgefield, CT

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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