Green Mortgages Peekskill 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 Peekskill.

Local Companies

Chase Bank
(914) 769-8080
10 Marble Ave
Thornwood, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Mortgage Shopper
(914)741-6943
324 Lake Street
PLEASANTVILLE, NY
Countrywide Full Spectrum Lending
(845)732-2600
1 Blue Hill Plz
PEARL RIVER, NY
Fairway Independent Mortgage Corporation
(914) 232-5400
247 Route 100 Ste 2008
Somers, NY
HSBC Bank
1.800.975.HSBC (4722)
Across From Mcdonalds 600 Bedford Rd
Bedford Hills, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
White House Mortgage Co
(203)629-5999
280 North Central Av
HARTSDALE, NY
Fairmont Funding
(845)573-9600
377 Route 59
MONSEY, NY
Aaria Mortgage Corporation
(845)362-6945
79 Halley Drive
POMONA, NY
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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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