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

Citizens Bank - Poughkeepsie Burnett SS
845-452-2391
59 Burnett Blvd.
Poughkeepsie, NY
Truran Agency Insurance
(845)279-2064
1006 Route 22
Brewster, NY
Tax And Mortgage Consultant
(845)486-8951
94 Washington
Poughkeepsie, NY
Guarantee Home Mortgages Company Inc
(845)265-5300
292 Main
COLD SPRING, NY
ADS Funding Corp
(845)255-7111
40 Rocky Hill Rd
NEW PALTZ, NY
Chase Bank
(845) 221-2881
817 Rte 82
Hopewell Junction, NY
Paul A. Fucito Agency
(845)279-6541
1663 Route 22
Brewster, NY
Jerryann Scianna Agency
(914)462-3180
22 Ibm Rd
Poughkeepsie, NY
Rhinebeck Savings Bank
(845)471-4467
3432 North Road
POUGHKEEPSIE, NY
Cornerstone Funding CO Limited
(845)896-5005
21 Old Main Street
FISHKILL, 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