Green Mortgages Hopewell Junction 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 Hopewell Junction.

Local Companies

Charter One Bank New Loan Information Residential Mortgage And Construction Loans Mort
(845)279-5545
1515 Route 22
Brewster, NY
Meridian Mortgage Corporation
(860)354-7744
46 Danbury Road
New Milford, CT
Allied Home Mortgage
(203)730-8708
107 Mill Plain Road
Danbury, CT
Countrywide Home Loans
(845)567-3300
263 Route 17K
NEWBURGH, NY
Metlife Bank, National Association
(845) 897-6555
725 Route 9
Fishkill, NY
TD Bank
845-297-4127
1850 S Road
Wappingers Falls, NY
Record And Return Title Agency
(845)278-6500
20 Milltown Rd
Brewster, NY
Robert V. Meier Agency
(931)721-3312
123 Litchfield Rd
New Milford, CT
Sunset Mortgage CO
(845)897-4950
121 Village Commons Road
FISHKILL, NY
Citifinancial
(845)297-3920
1839 South Road
WAPPINGERS 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.

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