Green Mortgages New Windsor 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 Windsor.

Local Companies

Citizens Bank - Poughkeepsie Burnett SS
845-452-2391
59 Burnett Blvd.
Poughkeepsie, NY
John J. Oconnor Agency
(845)569-1322
316 Blooming Grove Tpke
New Windsor, NY
D M L Mortgage Enterprises Inc
914-337-1777
Yorktown Heights, NY
Household Finance Corporation
(845)297-0133
804 South Road
POUGHKEEPSIE, NY
American Homestead Mortgage
(845)562-6800
326 Meadow Avenue
NEWBURGH, NY
HSBC Bank
1.800.975.HSBC (4722)
Nys Thruway/17K 801 Auto Park Place
Newburgh, NY
Charles Vazquez
(845)692-8270
690 Plaza Rt. 211 East
Middletown, NY
Sound Federal Savings Peekskill
(914)737-2777
1019 Park Street
Peekskill, NY
Infinity Home Furnishing
(845)534-4545
2 Mill Street
CORNWALL, 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