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

Wallberg Company Inc
(845)278-1800
Po Box 1952
Brewster, NY
Neumann Insurance Agency
(845)457-5026
249 Tompkins Road
Montgomery, NY
Fogarty Mortgage Services
(845)561-1101
53 Route 17K
NEWBURGH, NY
Bayberry Mortgage Group Inc
(845)483-7400
2 Cannon
POUGHKEEPSIE, NY
Cbc National Bank
(860) 210-0532
4 Sawmill Rd
Sherman, CT
HSBC Bank
1.800.975.HSBC (4722)
Nys Thruway/17K 801 Auto Park Place
Newburgh, NY
Homestead Funding Corp
(845)896-1800
2 Summit Ct
Fishkill, NY
North River Abstract Corp
(845)485-5188
9 Cannon
Poughkeepsie, NY
Crossroad Capital Services
(914)628-4960
686 Stoneleigh Avenue # 2
CARMEL, NY
Allan Kaplan Insurance Agency
(845)297-3266
1315 Route 9
WAPPINGERS FALLS, 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