Green Mortgages Ossining 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 Ossining.

Local Companies

Bank of America - Woodbine
800.432.1000
235 Woodbine Street
Bergenfield, NJ
Jared Cutler
611 Pondside Drive
White Plains, NY
American Dream Financial Corporation
914-686-6668
White Plains, NY
Bank of New York
(845)624-2480
250 South Middletown Road
NANUET, NY
Customized Mortgage Solutions Llc
(201) 768-0090
1 Dewolf Rd Ste 209
Old Tappan, NJ
Capital One
718-994-1900
4201 White Plains Rd
Bronx, 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
Washington Mutual - Bank Locations- Mamaroneck
(914)899-5990
101 Mamaroneck Avenue
MAMARONECK, NY
Gfi Mortgage Bankers Inc
(212) 837-4537
305 W Grand Ave
Montvale, NJ
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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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