Green Mortgages Mahopac 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 Mahopac.

Local Companies

Truran Agency Insurance
(845)279-2064
1006 Route 22
Brewster, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Town & Country Lending Services
(914)736-2700
3144 Albany Post Road
BUCHANAN, NY
Guaranteed Rate Inc
(203) 885-0550
304 Federal Rd Ste 211
Brookfield, CT
Metlife Bank, National Association
(845) 440-4100
700 Corporate Blvd
Newburgh, NY
Paul A. Fucito Agency
(845)279-6541
1663 Route 22
Brewster, NY
Homestead Funding Corp
(845)896-1800
2 Summit Ct
Fishkill, NY
Tuthill Finance
(845)896-5760
883 Main Street
FISHKILL, NY
Goldens Bridge Financial Services Inc
(914)962-0909
360 Underhill Avenue
YORKTOWN HEIGHTS, NY
Metlife Bank, National Association
(845) 207-9800
4251 Old Route 22 Ste 6
Brewster, NY
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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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