Green Mortgages Middletown 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 Middletown.

Local Companies

Bulls Eye Title Services
(845)744-8794
269 Hardenburgh Road
Pine Bush, NY
Suntrust Mortgage Inc - New Mortgage Inquiries
(845)692-5554
779 Route 211 West
MIDDLETOWN, NY
National City Mortgage
(845)566-1200
1120 Union Avenue
NEWBURGH, NY
Fleet Mortgage
(914)567-5067
1279 Route 300 3rd Fl
NEWBURGH, NY
Homestead Funding Corp
(845) 534-6800
55 Quaker Ave Ste 207
Cornwall, NY
Home Loans Plus Inc
(973)764-8795
Po Box 284
Vernon, NJ
Washingtonville Office
(845)496-9146
21 East Main Street
WASHINGTONVILLE, NY
PNC Mortgage
(845)568-5718
5020 Route 9W
NEWBURGH, NY
Hudson Heritage Federal Credit Union
(845)561-5607
2 Corwin Court
NEWBURGH, NY
CTI Abstract Corporation
(845)294-5428
176 Main Street
GOSHEN, 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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