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

Charter One Bank New Loan Information Residential Mortgage And Construction Loans Mort
(845)279-5545
1515 Route 22
Brewster, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Spartan Funding Inc
(914)273-0158
84 Business Park Drive
ARMONK, NY
Omega Capital
(914)833-0111
7 Woodland Avenue Suite 14
LARCHMONT, NY
Bank of America Mortgage Mortgage Office
(914)332-7709
220 White Plains Road
TARRYTOWN, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Fleet Private Clients Group
(203)358-6150
1 Landmark Sq
Stamford, CT
Preferred Mortgage Services
(914)779-0700
8 Depot Square
TUCKAHOE, NY
Empire Equity Group Inc
(845)356-7200
48 Scotland Hill Road
SPRING VALLEY, 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.

Click here to read full article from Builder Online

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