Green Mortgages Suffern 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 Suffern.

Local Companies

TD Bank
201-934-1267
1 Interstate Shopping Center
Ramsey, NJ
Global Lending
(973)942-6868
275 Grant Av
Haledon, NJ
New Jersey Citizen Action
(973)357-0719
90 Martin
Paterson, NJ
Mr. Salim George Salloum (RFC®), MBA
937 389 9593
35 Teak Rd
Wayne, NJ
Goldens Bridge Financial Services Inc
(914)962-0909
360 Underhill Avenue
YORKTOWN HEIGHTS, NY
TD Bank
(845) 735-5800
105 E Central Avenue
Pearl River, NY
Bank of America - Bloomingdale
800.432.1000
44 Main St
Bloomingdale, NJ
Montvale Mortgage Llc
(201)391-2244
85 Chestnut Ridge Rd
Montvale, NJ
Jared Cutler
611 Pondside Drive
White Plains, NY
The Bank of New York Rockland Division - Banking Offices- Congers
(845)268-4555
37 Lake Road
CONGERS, 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

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