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

TD Bank
845-896-2347
18 Westage Drive, Suite 15
Fishkill, NY
Chicago Title Insurance Co
(845)562-4600
94 Market Street
Poughkeepsie, NY
Colony Mortgage Company - Fax
845-223-7278
Hopewell Junction, NY
Dutchess County Mortgage Corporation
(845)473-2981
1145 Route 55
LAGRANGEVILLE, NY
Home Savings Of America
(845) 339-1341
312 Wall St
Kingston, NY
Bank of America - New Paltz
800.432.1000
1 New Paltz Plaza
New Paltz, NY
Mccannthomas Abstract Corporation
(845)384-6868
239 Fair Street
Kingston, NY
Ryan Associates Of The
(845)778-3585
180 Schwenk Dr
Walden, NY
Reliance Funding Corporation
(845)634-1022
280 Broadway
NEWBURGH, NY
American Home Mortgage
(845)331-0200
280 Wall Street
KINGSTON, 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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