Green Mortgages Saugerties 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 Saugerties.

Local Companies

Bank of America - Woodstock
800.432.1000
81 Mill Hill Rd
Woodstock, NY
Midhudson Valley Federal Credit Union Kingston
(845)336-4444
1099 Morton Boulevard
Kingston, NY
Visconti June Insurance
(845)758-9411
13 Joan Lane
Wappingers Falls, NY
American Home Loans
(845)331-2577
656 Aaron Court
KINGSTON, NY
Homestead Funding Corp
(518) 828-1502
160 Fairview Ave Ste 182
Hudson, NY
HSBC Bank
1.800.975.HSBC (4722)
Parking Lot Of Kings Mall 101 Kings Mall Court
Kingston, NY
D. J. Gilmore Agency
(845)338-9200
508 Albany Ave
Kingston, NY
The Naccarato Ins Agency
(914)246-7134
100 Ulster Ave
Saugerties, NY
Rhinebeck Savings Bank
(845)876-1860
6414 Montgomery Street
RHINEBECK, NY
Sawyer Savings Bank
(845) 246-2894
87 Market St
Saugerties, 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

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