Green Mortgages New City 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 New City.

Local Companies

Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Dcap Insurance
(914)682-3703
200 Hamilton Avenue
White Plains, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Realty Mortgage Express
(201)883-0892
360 Palisade Avenue
Bogota, NJ
Security One Lending
(866) 480-4715
250 Pehle Ave Ste 200
Saddle Brook, NJ
HSBC Bank
1.800.975.HSBC (4722)
Across From Mcdonalds 600 Bedford Rd
Bedford Hills, NY
Direct Financial Solutions
(973)248-1944
6 Haycock Av
Pompton Lakes, NJ
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Salim George Salloum (RFC®), MBA
937 389 9593
35 Teak Rd
Wayne, NJ
The Manhattan Mortgage Company Inc
(914)271-3540
125 Grand Street
CROTON ON HUDSON, 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