Green Mortgages Mount Kisco 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 Mount Kisco.

Local Companies

Bank of America - Scarsdale
800.432.1000
1140 Wilmot Rd
Scarsdale, NY
Allstate Insurancefuentes Ins Agency Inc
(914)736-3000
2241 Crompond Rd
Cortlandt Manor, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Sterling Capital Inc
(203)977-0880
1266 East Main Street
Stamford, CT
Bank Of America Na Charlotte
(585) 546-9615
244 Westchester Ave Ste 4
White Plains, NY
Chase Bank
(845) 446-4981
271 Main St
Highland Falls, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
New York Mortgage Company
(203)845-2848
70 New Canaan Avenue
Norwalk, CT
The Bank of New York Rockland Division - Banking Offices- Congers
(845)268-4555
37 Lake Road
CONGERS, 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.

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