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 - Monsey
845-352-3300
154 Route 59
Monsey, NY
Hudson City Savings Bank Paramus Branch Offices Mortgage Origination Administrative Ce
(201)967-1900
80 West Century Road Suite 2
Paramus, NJ
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
First Integrity Mortgage Co
(201)768-1821
276 Closter Dock Road
Closter, NJ
Mortgage Unlimited L.L.C
(973) 478-8444
222 Outwater Ln Ste 4B
Garfield, NJ
HSBC Bank
1.800.975.HSBC (4722)
36 Soundview Marketplace Soundview Mktplc/Shore Rd
Port Washington, 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
Owens Group Limited Inc
(201)568-2300
Po Box 1265
Englewood Cliffs, NJ
Data Provided by:
      

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

Related Articles
- Reverse Mortgage Tarrytown NY
The baby boom generation has graced the golden age. Today, seniors have become a significant consumer segment in the economy. With the fast growing population of elders and retired citizens, financing companies are finding ways to meet the core of seniors' needs. One such benefit that seniors greatly enjoy is reverse mortgage financing.
- Flexible Mortgage For Self Employed Tarrytown NY
- Adjustable Rate Mortgage Tarrytown NY
- About Buying a Foreclosure Property Tarrytown NY
- Hidden Costs of Foreclosures Tarrytown NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Tarrytown NY
- How to Talk to Mortgage Lenders Tarrytown NY
- How to Understand a N.I.N.J.A. Mortgage Tarrytown NY
- Safeguarding Against Foreclosure Tarrytown NY