Green Mortgages Wappingers Falls 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 Wappingers Falls.

Local Companies

Chase Bank
(845) 565-5380
353 New Windsor Hwy
New Windsor, NY
Citizens Bank - Brewster
845-279-6166
1515 Route 22 Ste. D-1
Brewster, NY
Jerryann Scianna Agency
(914)462-3180
22 Ibm Rd
Poughkeepsie, NY
M & T Bank - Area Branches- M & T Securities Inc- Branches- Cold Sp
(845)265-3628
40 Chestnut Street
COLD SPRING, NY
Hometown Bank Of The Hudson Valley
(845) 778-5371
12 Main St
Walden, NY
HSBC Bank
1.800.975.HSBC (4722)
Haviland Shopping Ctr 876 Violet Ave
Hyde Park, NY
TD Bank
845-225-8429
96 Gleneida Avenue
Carmel, NY
Consumer Marketing Services Inc
(845)473-6929
272 Main Street
Poughkeepsie, NY
Reliance Funding Corporation
(845)634-1022
280 Broadway
NEWBURGH, NY
Home Funding Finders
(845)296-1634
1207 Route 9
WAPPINGERS FALLS, NY

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