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) 471-2030
2586 S Rd
Poughkeepsie, NY
Morais Paul Insurance
(845)469-9700
Rr 17 Box M
Chester, NY
Sound Federal Savings Peekskill
(914)737-2777
1019 Park Street
Peekskill, NY
Wells Fargo Financial
(845)344-6200
201 Dolson Ave Mdltn Commons Shpg Ctr Ste F
MIDDLETOWN, NY
American Homestead Mortgage
(845)562-6800
326 Meadow Avenue
NEWBURGH, NY
Chase Bank
(845) 427-2181
205 Homestead Ave
Maybrook, NY
TD Bank
845-928-2332
260 Route 32
Central Valley, NY
The Bank Of New York Rockland Division Banking Offices Stony Point
(845)429-1711
22 Liberty Street
Haverstraw, NY
Andez Abstract Ltd
(845)296-0850
70 Pye Ln
Wappingers Falls, NY
Ulster Savings Bank
(845)294-7922
7 Coates Drive
GOSHEN, 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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