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

Chase Bank
(845) 496-3636
74 E Main St
Washingtonville, NY
Bank of America - Springvale
914.737.7100
2042 Albany Post Rd
Croton-on-Hudson, NY
Mortgage Consultant Plus
(845)469-7662
25 Main Street
GOSHEN, NY
Goshen Savings Bank - A Division of the Berkshire Bank
(845)294-6151
2 South Church Street
GOSHEN, NY
Freedom Mortgage Corporation
(914) 930-7680
1392 Albany Post Rd
Croton On Hudson, NY
Chase Bank
(914) 737-2360
1025 Brown St
Peekskill, NY
Bank of America - Wappinger Falls
845.297.5915
1469 Route 9
Wappingers Falls, NY
Prudential Rand Realty
(845)565-6690
401 Windsor Highway
New Windsor, NY
HFA Inc
(845)782-1947
118 Seven Springs Road
MONROE, NY
Goldens Bridge Financial Services Inc
(914)962-0909
360 Underhill Avenue
YORKTOWN HEIGHTS, 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

Related Articles
- Safeguarding Against Foreclosure New Windsor NY
A budget creates a structure that prioritizes your monthly income so that you spend your money on what is most important. It protects you from frittering away your cash on whims and ending up short on the items that are critical, like your monthly mortgage payment.
- How to Understand a N.I.N.J.A. Mortgage New Windsor NY
- About Buying a Foreclosure Property New Windsor NY
- Flexible Mortgage For Self Employed New Windsor NY
- Reverse Mortgage New Windsor NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type New Windsor NY
- Adjustable Rate Mortgage New Windsor NY
- Hidden Costs of Foreclosures New Windsor NY
- How to Talk to Mortgage Lenders New Windsor NY