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 - Fishkill
845-897-9623
1098 Main St
Fishkill, NY
Jerryann Scianna Agency
(914)462-3180
22 Ibm Rd
Poughkeepsie, NY
Union State Bank
(845)624-2008
50 North Church Street
GOSHEN, NY
CTX Mortgage CO Inc
(845)564-5500
6 Jeanne Drive
NEWBURGH, NY
Citifinancial
(845)782-0998
300 Route 17M
HARRIMAN, NY
HSBC Bank
1.800.975.HSBC (4722)
Haviland Shopping Ctr 876 Violet Ave
Hyde Park, NY
Bulls Eye Title Services
(845)744-8794
269 Hardenburgh Road
Pine Bush, NY
Wells Fargo Home Mortgage
(845)440-2300
1399 Route 52
FISHKILL, NY
Hudson Home Loans
(845)928-3117
2 Corporate Drive
HIGHLAND MILLS, NY
Countrywide Funding
(845)298-0547
1525 Route 9
WAPPINGERS FALLS, 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