Green Mortgages Tarrytown 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 Tarrytown.

Local Companies

Wells Fargo - Peekskill
914-737-3100
920 South St
Peekskill, NY
Washington Mutual Bank Locations Hackensack
(201)489-0661
450 Hackensack Avenue
Hackensack, NJ
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Wied Williams Real Estate Inc
(914)665-1060
140 Stevens Avenue
MOUNT VERNON, NY
Community Resource Mortgage CO
(718)231-6800
1758 Pitman Avenue
BRONX, NY
Capital One
718-798-9300
3159 Bainbridge Ave
Bronx, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, 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
New York Mortgage CO
(914)253-9130
2975 Westchester Avenue
PURCHASE, 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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