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

Chase Bank
(845) 562-9400
201 Auto Park Pl
Newburgh, NY
D. J. Gilmore Agency
(845)338-9200
508 Albany Ave
Kingston, NY
Emerald Paralegal Services
(914)677-0201
P.o. Box 203
Poughkeepsie, NY
M & T Bank - Branches- Hopewell Junction
(845)221-9161
424 Route 376
HOPEWELL JUNCTION, NY
Citimortgage Inc
(845)471-5030
1351 Route 55
LAGRANGEVILLE, NY
Chase Bank
(845) 462-1500
48 Vassar Rd
Poughkeepsie, NY
Citizens Bank - Meadow Hill
845-564-3500
1416 Route 300
Newburgh, NY
Clear Abstract Inc
(845)565-8900
5419 Route 9w
Newburgh, NY
Rondout Savings Bank
(845)382-2200
1296 Ulster Avenue
KINGSTON, NY
Horizon Financial Group-Inc.
(845)485-1853
45 Clark St
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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