Green Mortgages New Paltz 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 Paltz.

Local Companies

Wells Fargo - New Paltz
845-255-6600
29 Main St
New Paltz, NY
Bonacic Lobiondo And Krahulik Llp
(845)897-4500
1399 Route 52
Fishkill, NY
Sunset Mortgage CO
(845)897-4950
121 Village Commons Road
FISHKILL, NY
Albany Mortgage Group
(845)565-4006
5020 Us Route 9W
NEWBURGH, NY
Hudson Valley Federal Credit Union
(845) 463-3011
159 Barnegat Rd
Poughkeepsie, NY
HSBC Bank
1.800.975.HSBC (4722)
Near Ibm Plant 1941 Route 52
Hopewell Junction, NY
Wells Fargo - Poughkeepsie
845-297-4657
1863 South Rd
Wappingers Falls, NY
Title Service Company
(845)331-8612
275 Fair Street Suite 17
Kingston, NY
Rondout Savings Bank
(845)382-2200
1296 Ulster Avenue
KINGSTON, NY
ABM Mortgage
(845)462-4949
2064 Hackensack Rd
POUGHKEEPSIE, 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

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