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 - Kingston
800.432.1000
451 Washington Ave
Kingston, NY
Foote Charles F Attorney At Law
(518)822-9309
414 Union Street
Hudson, NY
Pardees Agency Inc
(845)331-0025
Po Box 3169
Kingston, NY
Bank of Greene County
(518)943-3700
Main & Church
CATSKILL, NY
Ulster Savings Bank
(845) 338-6322
180 Schwenk Dr
Kingston, NY
Bank of America - Saugerties Village
800.432.1000
239 Main St
Saugerties, NY
Wells Fargo - Kingston
845-331-0254
235 Fair St
Kingston, NY
Freer Abstract Corp
(845)339-0091
167 Green
Kingston, NY
Coldwell Banker Village Green Realty
(845)331-5357
268 Fair Street
KINGSTON, NY
American Home Mortgage
(845)336-8566
701 Grant Avenue
LAKE KATRINE, 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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