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

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
The Griffin Agency
(845)758-5961
7452 S Broadway
Red Hook, NY
Carteret Mortgage Corporation
(845)246-6568
20 Cobble Creek Road
SAUGERTIES, NY
Mid-Hudson Valley Federal Cu
(800) 451-8373
1099 Morton Blvd
Kingston, NY
HSBC Bank
1.800.975.HSBC (4722)
Court House 335 Main St
Catskill, NY
Foote Charles F Attorney At Law
(518)822-9309
414 Union Street
Hudson, NY
Main St Title Co
(845)331-0932
85 Main Street
Kingston, NY
Advisor Mortgage Llc
585-335-2480
Livingston, NY
American Home Mortgage
(845)679-7051
6 Raycliffe Drive
WOODSTOCK, 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.

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