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

Citizens Bank - Brewster
845-279-6166
1515 Route 22 Ste. D-1
Brewster, NY
Prudential Rand Realty
(845)565-6690
401 Windsor Highway
New Windsor, NY
Paramount Equities Group Inc
(914)736-3400
1013 Brown Street
PEEKSKILL, NY
Goldens Bridge Financial Services Inc
(914)962-0909
360 Underhill Avenue
YORKTOWN HEIGHTS, NY
M And T Bank
(845) 440-2851
1769 Route 52
Fishkill, NY
HSBC Bank
1.800.975.HSBC (4722)
Near Ibm Plant 1941 Route 52
Hopewell Junction, NY
Ulster Savings Bank Branch Offices
(845)255-5470
226 Main Street
New Paltz, NY
Sullivan Insurance & Financial Services
(845)628-9604
716 Route 6
MAHOPAC, NY
Household Finance Realty Corporation of New York
(914)962-5736
Triangle Shopping Court
YORKTOWN HEIGHTS, NY
Homestead Funding Corp
(203) 791-1736
109 North Street
Danbury, 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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