Green Mortgages Newburgh 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 Newburgh.

Local Companies

Wells Fargo - New Paltz
845-255-6600
29 Main St
New Paltz, NY
Ronald A. Creeden Agency
(845)229-9500
4236 Albany Post Rd
Hyde Park, NY
Chicago Title Insurance Co
(845)562-4600
94 Market Street
Poughkeepsie, NY
Crossroad Capital Services Inc
(845)563-4777
68 North Plank Road
NEWBURGH, NY
Concorde Lending Services Limited
(845)485-3400
10 Raymond Avenue
POUGHKEEPSIE, NY
HSBC Bank
1.800.975.HSBC (4722)
Across From Key Foods 1609 Main Street
Pleasant Valley, NY
Wells Fargo - Shrub Oak
914-528-7007
1342 E Main St
Shrub Oak, NY
Yannone Cicconi And Ammerman Inc
(845)565-1665
153 North Plank Rd
Newburgh, NY
Guarantee Home Mortgages Company Inc
(845)265-5300
292 Main
COLD SPRING, NY
Dynamic Mortgage Bankers
(845)567-6266
103 Executive Drive
NEW WINDSOR, 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