Green Mortgages Nyack 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 Nyack.

Local Companies

Chase Bank
(845) 359-5350
60 Dutch Hills Rd
Orangeburg, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Salim George Salloum (RFC®), MBA
937 389 9593
35 Teak Rd
Wayne, NJ
Washington Mutual - Bank Locations- Harrison
(914)835-8552
289 Halstead Avenue
HARRISON, NY
Poritzky Real Estate Agency
(914)271-6671
380 Albany Post Road
CROTON ON HUDSON, NY
Chase Bank
(212) 690-5310
3515 Broadway
New York, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Citizens First Funding
(201)797-4140
31-11 Broadway
Fair Lawn, NJ
Washington Mutual - Bank Locations- Harlem Center
(212)865-4510
105 West 125th Street
NEW YORK, NY
Data Provided by:
      

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
- About Buying a Foreclosure Property Nyack NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- Safeguarding Against Foreclosure Nyack NY
- Flexible Mortgage For Self Employed Nyack NY
- How to Talk to Mortgage Lenders Nyack NY
- Hidden Costs of Foreclosures Nyack NY
- How to Understand a N.I.N.J.A. Mortgage Nyack NY
- Reverse Mortgage Nyack NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Nyack NY
- Adjustable Rate Mortgage Nyack NY