Green Mortgages Scarsdale 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 Scarsdale.

Local Companies

Wells Fargo - Fort Lee Inwood
201-947-8900
1365 Inwood Ter
Fort Lee, NJ
Bank of America - Mamaroneck Avenue
914.777.3729
500 Mamaroneck Avenue
White Plains, NY
C And C Homes Inc
(718)319-1172
4110 East Tremont Ave
Bronx, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
TD Bank
(718) 429-0511
7801 Queens Boulevard
Elmhurst, NY
Bank of America - Flushing Main Street
718.445.1702
3912 Main Street
Flushing, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Allstate Insurance Salvatore Carollo
(914)663-4000
75 Gramatan Avenue
Mount Vernon, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
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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