Green Mortgages Spring Valley 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 Spring Valley.

Local Companies

Allstate Insurance John J. And Son Luongo
(845)469-9134
47 Brookside Ave
Chester, NY
Household Finance Corporation Yonkers
(914)961-1253
2167 Central Park Avenue
Yonkers, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Washington Mutual Bank Locations Elmwood Park
(201)703-8313
100 Broadway
Elmwood Park, NJ
Pacific Mortgage Funding
(845)365-9141
572 Route 303
BLAUVELT, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
The Bank Of New York Rockland Division Banking Offices Monsey
(845)356-5150
9 Route 59
Spring Valley, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Mr. Salim George Salloum (RFC®), MBA
937 389 9593
35 Teak Rd
Wayne, NJ
Citizens Mortgage Corporation
(201)398-0800
26-01 Pellack Drive
Fair Lawn, NJ
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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.

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