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

Wells Fargo - Ardsley
914-693-3663
921 Saw Mill River Rd
Ardsley, NY
Record And Return Title Agency
(845)278-6500
20 Milltown Rd
Brewster, NY
Liberty Marketing Group
(845)398-6277
560 Route 303
Orangeburg, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Phh Home Loans Llc
(866) 897-0056
366 Underhill Ave
Yorktown Heights, NY
Bank of America - Katonah
800.432.1000
256 Katonah Ave
Katonah, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Allstate Insurance Ken Martin
(914)337-0100
234 Main St
Eastchester, NY
Wolfson Irwin M And Fran M Insurance Agency
(914)779-1982
475 Tuckahoe Road
Yonkers, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, 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
- Safeguarding Against Foreclosure Mount Kisco NY
A budget creates a structure that prioritizes your monthly income so that you spend your money on what is most important. It protects you from frittering away your cash on whims and ending up short on the items that are critical, like your monthly mortgage payment.
- Reverse Mortgage Mount Kisco NY
- Hidden Costs of Foreclosures Mount Kisco NY
- Adjustable Rate Mortgage Mount Kisco NY
- How to Talk to Mortgage Lenders Mount Kisco NY
- How to Understand a N.I.N.J.A. Mortgage Mount Kisco NY
- About Buying a Foreclosure Property Mount Kisco NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Mount Kisco NY
- Flexible Mortgage For Self Employed Mount Kisco NY