Green Mortgages Kingston 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 Kingston.

Local Companies

Bank of America - Kingston
800.432.1000
451 Washington Ave
Kingston, NY
Universal Land Abstract Inc
(845)331-6015
207 Fair Street
Kingston, NY
Horizon Financial Group-Inc.
(845)485-1853
45 Clark St
POUGHKEEPSIE, NY
American General Financial Services
(845)485-8881
2600 South Road
POUGHKEEPSIE, NY
Hudson Valley Federal Credit Union
(845) 463-3011
159 Barnegat Rd
Poughkeepsie, NY
Chase Bank
(845) 635-2191
1600 Main St, Ste 14
Pleasant Valley, NY
Bank of America - Ulster Avenue
800.432.1000
1343 Ulster Ave
Kingston, NY
Concorde Lending Svces Ltd
845-485-3400
Poughkeepsie, NY
Carteret Mortgage Corporation
(845)246-6568
20 Cobble Creek Road
SAUGERTIES, NY
Sawyer Savings Bank
(845) 246-2894
87 Market St
Saugerties, 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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