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

Chase Bank
(845) 635-2191
1600 Main St, Ste 14
Pleasant Valley, NY
American Home Mortgage
(845)831-4806
3 Burnham Court
Fishkill, NY
Ryan Associates Of The
(845)778-3585
180 Schwenk Dr
Walden, NY
Household Finance Corporation
(845)297-0133
804 South Road
POUGHKEEPSIE, NY
ADS Funding Corp
(845)255-7111
40 Rocky Hill Rd
NEW PALTZ, NY
Chase Bank
(845) 534-2535
36 Broadway
Cornwall, NY
M And T Bank Area Branches M And T Securities Inc Branches Cold Sp
(845)265-3628
40 Chestnut Street
Cold Spring, NY
Karvin Abstract Corporation
(845)562-2622
273 Quassaick Avenue
New Windsor, NY
Sunset Mortgage CO
(845)897-4950
121 Village Commons Road
FISHKILL, NY
Dynamic Mortgage Bankers
(845)567-6266
103 Executive Drive
NEW WINDSOR, 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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