Green Mortgages Rye 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 Rye.

Local Companies

Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
A R C Premium Corporation
(516)775-7272
1818 Jericho Turnpike
New Hyde Park, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Glen Head First NATL Bank
(516)671-4900
10 Glen Head Road
GLEN HEAD, NY
Bank of America - Hope St
800.432.1000
898 Hope St
Stamford, CT
Allstate Insurance Thomas Cantone
(516)561-8200
738 Franklin Avenue
Franklin Square, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Data Provided by:
      

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
- Adjustable Rate Mortgage Rye NY
Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.
- Reverse Mortgage Rye NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Rye NY
- How to Talk to Mortgage Lenders Rye NY
- Hidden Costs of Foreclosures Rye NY
- How to Understand a N.I.N.J.A. Mortgage Rye NY
- Safeguarding Against Foreclosure Rye NY
- Flexible Mortgage For Self Employed Rye NY
- About Buying a Foreclosure Property Rye NY