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

Citizens Bank - Ulster
845-336-7920
1300 Ulster Ave. Suite 110
Kingston, NY
Mc Cann And Thomas Abstract
(845)339-6243
240 Fair Street
Kingston, NY
Allstate Insurance Anthony P. Nicolis
(845)471-9611
47 Civic Center Plz
Poughkeepsie, NY
Horizon Financial Group-Inc.
(845)485-1853
45 Clark St
POUGHKEEPSIE, NY
Mid-Hudson Valley Federal Cu
(800) 451-8373
1099 Morton Blvd
Kingston, NY
Citizens Bank - New Paltz SS
845-256-3802
271 Main St.
New Paltz, NY
Ronald A. Creeden Agency
(845)229-9500
4236 Albany Post Rd
Hyde Park, NY
Ulster Savings Bank Branch Offices
(845)255-5470
226 Main Street
New Paltz, NY
Integrity Land Services
(845)876-2100
6054 Route 9
Rhinebeck, NY
Ulster Savings Bank
(845) 338-6322
180 Schwenk Dr
Kingston, 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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