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

HSBC Bank
1.800.975.HSBC (4722)
.25Mi North Arcadian Ctr 170 S Highland Ave
Ossining, NY
Bank of America - Goldens Bridge
914.232.5137
130 North County Shopping Ctr
Goldens Bridge, NY
Prudential Rand Realty
(845)565-6690
401 Windsor Highway
New Windsor, NY
Express Home Mortgage Company
(203)798-0278
30 Main Street
Danbury, CT
Citifinancial
(845)297-3920
1839 South Road
WAPPINGERS FALLS, NY
HSBC Bank
1.800.975.HSBC (4722)
50 Main St.
Mount Kisco, NY
Citizens Bank - Vails Gate
845-562-1510
406 Route 32
Vails Gate, NY
Putnam Title Agency Corp
(845)940-1881
2435 Route 6
Brewster, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Residential Home Funding Corp
(845)563-3801
5020 Route 9W
NEWBURGH, NY
Data Provided by:
  

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

Related Articles
- How to Avoid Foreclosure by Knowing Your Mortgage Type Mahopac NY
Losing home in a foreclosure process is a miserable thing. And the reason behind foreclosure is that people stop making their mortgage payments. Ofen, you can avoid this unfortunate financial condition by reading the mortgage documents carefully, before signing on the dotted lines. Be sure to hire an attorney to help you understand what you are getting into.
- Adjustable Rate Mortgage Mahopac NY
- Flexible Mortgage For Self Employed Mahopac NY
- How to Talk to Mortgage Lenders Mahopac NY
- Hidden Costs of Foreclosures Mahopac NY
- Safeguarding Against Foreclosure Mahopac NY
- Reverse Mortgage Mahopac NY
- About Buying a Foreclosure Property Mahopac NY
- How to Understand a N.I.N.J.A. Mortgage Mahopac NY