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) 234-0934
420 Old Post Rd
Bedford, NY
TD Bank
845-225-8429
96 Gleneida Avenue
Carmel, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
IPI Skycraper Mortgage
(845)567-0030
1279 Route 300
NEWBURGH, NY
Albany Mortgage Group
(845)565-4006
5020 Us Route 9W
NEWBURGH, NY
HSBC Bank
1.800.975.HSBC (4722)
West Point (Usma) 195 Main St
Highland Falls, NY
TD Bank
(845) 735-5800
105 E Central Avenue
Pearl River, NY
The Bank Of New York Rockland Division Banking Offices Stony Point
(845)429-1711
22 Liberty Street
Haverstraw, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Century Capital Corporation
(845)942-1700
13 North Liberty Drive # 2
STONY POINT, 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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