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

American Home Mortgage
(845)831-4806
3 Burnham Court
Fishkill, NY
Allstate Insurance Howard Klein
(914)245-8100
204 E Main St
Jefferson Valley, NY
Esquire Title Agency Inc
(845)561-3500
542 Union Av
New Windsor, NY
General Advisory & Funding Corp
(914)245-0046
505 Manchester Rd
YORKTOWN HEIGHTS, NY
Centennial Mortgage
(845)896-2121
108 Main
FISHKILL, NY
Wells Fargo - Croton
914-271-6216
50 Maple St
Croton On Hudson, NY
Hardenburgh Abstract Co
(845)343-6678
12 Scotchtown Avenue
Goshen, NY
J. S. Mizrachi Agency
(845)692-7444
513 Route 211 E
Middletown, NY
The Bank of New York Rockland Division - Banking Offices- Stony Point
(845)429-1711
22 Liberty Street
HAVERSTRAW, NY
Fogarty Mortgage Services
(845)561-1101
53 Route 17K
NEWBURGH, 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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