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

Tip Top Properties Ltd.
(914)944-0355
Po Box 1852
Ossining, NY
American Home Mortgage
(203)797-1733
62 Kenosia Avenue # 69
Danbury, CT
Hamilton Mortgage Corporation
(203)438-9445
724 Danbury Road
Ridgefield, CT
Allstate Insurance Tony S Porcheddu
(203)968-2555
1492 High Ridge #4
Stamford, CT
Guaranteed Home Mtg Co Inc
(845) 298-4114
11 Marshall Rd Ste 1C
Wappingers Falls, NY
Karvin Abstract Corporation
(845)562-2622
273 Quassaick Avenue
New Windsor, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Savings Bank Of Danbury
(203)830-4390
35 West Street
Danbury, CT
Superior Mortgage
(203)894-9774
715 Danbury Road
Ridgefield, CT
Charter One Bank - New Loan Information- Residential Mortgage & Construction Loans- Mort
(845)279-5545
1515 Route 22
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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