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) 528-3535
1336 E Main St
Shrub Oak, NY
Bank of America - Goldens Bridge
914.232.5137
130 North County Shopping Ctr
Goldens Bridge, NY
The Bank Of New York Rockland Division Banking Offices Tappan
(845)359-3111
80 Old Tappan Road
Piermont, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Coratolo & Carrieri Associates LLC
(914)681-1300
18 North Central Avenue Suite 2
HARTSDALE, NY
Chase Bank
(914) 941-2900
1946 Pleasantville Rd
Briarcliff, NY
Wells Fargo - Pomona Mount Ivy
845-354-7770
7 Thiells Mount Ivy Rd
Pomona, NY
Professional Title Services Llc
(845)623-3730
33 Route 304
Nanuet, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Greenshire Financial Group
(845)567-9099
255 Route 17K
NEWBURGH, 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