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 - Highland
845-691-8101
3650 US Highway 9W
Highland, NY
Crystal Clear Abstract Corporation
(845)452-2740
321 Main Street
Poughkeepsie, NY
Garofalo Mortgage Corporation
(914)962-0500
1940 Commerce Street Suite 305
YORKTOWN HEIGHTS, NY
American General Financial Services
(845)485-8881
2600 South Road
POUGHKEEPSIE, NY
Metlife Bank, National Association
(845) 440-4100
700 Corporate Blvd
Newburgh, NY
Wells Fargo - Poughkeepsie
845-297-4657
1863 South Rd
Wappingers Falls, NY
Sullivan Insurance And Financial Services
(845)628-9604
716 Route 6
Mahopac, NY
Countrywide Home Loans
(203)792-6762
100 Mill Plain Road
Danbury, CT
Cornerstone Funding CO Limited
(845)896-5005
21 Old Main Street
FISHKILL, NY
Allan Kaplan Insurance Agency
(845)297-3266
1315 Route 9
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.

Click here to read full article from Builder Online

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