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

Wells Fargo - Matamoras
570-491-4151
1001 Pennsylvania Ave
Matamoras, PA
TD Bank
845-782-3641
515 Route 17M & Still Road
Monroe, NY
Charles Vazquez
(845)692-8270
690 Plaza Rt. 211 East
Middletown, NY
HFA Inc
(845)782-1947
118 Seven Springs Road
MONROE, NY
Primelending A Plainscapital Company
(845) 564-5500
1279 Route 300 Fl 1
Newburgh, NY
Chase Bank
(973) 764-4077
550 Rte 515
Vernon, NJ
Citizens Bank - Bloomingburg
845-733-5605
3 Winterton Rd
Bloomingburg, NY
Home Loans Plus Inc
(973)764-8795
Po Box 284
Vernon, NJ
Residential Home Funding Corp
(845)563-3801
5020 Route 9W
NEWBURGH, NY
Countrywide Home Loans
(845)567-3300
263 Route 17K
NEWBURGH, 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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