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

Wells Fargo - New Paltz
845-255-6600
29 Main St
New Paltz, NY
Mclean Insurance Agency Inc.
(845)471-2660
316 Titusville Rd
Poughkeepsie, NY
Advisor Mortgage Llc
585-335-2480
Livingston, NY
Coldwell Banker Village Green Realty
(845)331-5357
268 Fair Street
KINGSTON, NY
Hudson Valley Federal Credit Union
(845) 463-3011
159 Barnegat Rd
Poughkeepsie, NY
Chase Bank
(845) 471-2030
2586 S Rd
Poughkeepsie, NY
Citizens Bank - Highland
845-691-8101
3650 US Highway 9W
Highland, NY
The Griffin Agency
(845)758-5961
7452 S Broadway
Red Hook, NY
Rhinebeck Savings Bank
(845)485-6574
708 Dutchess Turnpike
POUGHKEEPSIE, NY
Ameriquest Mortgage Company
(845)485-8836
2649 South Road
POUGHKEEPSIE, 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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