Green Mortgages Poughkeepsie 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 Poughkeepsie.

Local Companies

Chase Bank
(845) 565-5380
353 New Windsor Hwy
New Windsor, NY
Citizens Bank - Beacon
845-831-8100
364 Main Street
Beacon, NY
Consumer Marketing Services Inc
(845)473-6929
272 Main Street
Poughkeepsie, NY
Rhinebeck Savings Bank
(845)471-4467
3432 North Road
POUGHKEEPSIE, NY
Cornerstone Funding CO
(845)562-0066
5020 Route 9W
NEWBURGH, NY
Chase Bank
(845) 255-0500
2 Plattekill Ave
New Paltz, NY
Citizens Bank - Kingston NY
845-338-6200
273 Wall Street
Kingston, NY
Abbacy Abstract Co Of Eastern New York Inc
(845)338-1120
261 Fair Street
Kingston, NY
Stissing National Bank Standfordville Ofc
(845)868-7700
11 Hunns Lake Road
Stanfordville, NY
Fogarty Mortgage Services
(845)561-1101
53 Route 17K
NEWBURGH, NY

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
- How to Talk to Mortgage Lenders Poughkeepsie NY
Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...
- Adjustable Rate Mortgage Poughkeepsie NY
- Safeguarding Against Foreclosure Poughkeepsie NY
- Reverse Mortgage Poughkeepsie NY
- Flexible Mortgage For Self Employed Poughkeepsie NY
- About Buying a Foreclosure Property Poughkeepsie NY
- Hidden Costs of Foreclosures Poughkeepsie NY
- How to Understand a N.I.N.J.A. Mortgage Poughkeepsie NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Poughkeepsie NY