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

Bank of America - Vails Gate
800.432.1000
405 Windsor Highway
New Windsor, NY
Citizens Bank - Vails Gate
845-562-1510
406 Route 32
Vails Gate, NY
American Real Estate Search And Settlement Corporation
(845)565-8111
5419 Route 9w
Newburgh, NY
Hudson Heritage Federal Credit Union
(845)561-5607
2 Corwin Court
NEWBURGH, NY
Goshen Savings Bank - A Division of the Berkshire Bank
(845)294-6151
2 South Church Street
GOSHEN, NY
Chase Bank
(845) 986-2201
30 Main St
Warwick, NY
Citizens Bank - Middletown / Wal-Mart
845-343-0738
470 Route 211 E
Middletown, NY
Prudential Rand Realty
(845)565-6690
401 Windsor Highway
New Windsor, NY
Washingtonville Office
(845)496-9146
21 East Main Street
WASHINGTONVILLE, NY
Household Finance Corporation
(845)342-1041
Dunning Farms Shoppi
MIDDLETOWN, 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