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

Citizens Bank - Newburgh / Midtown
845-565-6650
456 Broadway
Newburgh, NY
Abbacy Abstract Co Of Eastern New York Inc
(845)338-1120
261 Fair Street
Kingston, NY
Home Funding Finders
(845)296-1634
1207 Route 9
WAPPINGERS FALLS, NY
Countrywide Home Loans
(845)567-3300
263 Route 17K
NEWBURGH, NY
ABM Mortgage
(845)462-4949
2064 Hackensack Rd
POUGHKEEPSIE, NY
Bank of America - Ulster Avenue
800.432.1000
1343 Ulster Ave
Kingston, NY
Wells Fargo - Fishkill
845-897-9623
1098 Main St
Fishkill, NY
Yannone Cicconi And Ammerman Inc
(845)565-1665
153 North Plank Rd
Newburgh, NY
Guarantee Home Mortgages Company Inc
(845)265-5300
292 Main
COLD SPRING, NY
Citifinancial
(845)896-0290
738 Route 9
FISHKILL, 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