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

Jones Mortgage Group
(845)228-0961
73 Gleneida Avenue
Carmel, NY
Sunset Mortgage CO
(845)897-4950
121 Village Commons Road
FISHKILL, NY
Home Funding Finders
(845)296-1634
1207 Route 9
WAPPINGERS FALLS, NY
Crossroad Capital Services Inc
(845)279-2286
686 Stoneleigh Avenue # 2
CARMEL, NY
Metlife Bank, National Association
(845) 897-6555
725 Route 9
Fishkill, NY
TD Bank
845-628-8576
915 S Lake Boulevard
Mahopac, NY
Emery And Webb Inc
(914)896-6727
167 Main St
Fishkill, NY
Hudson Valley Capital
(914)528-0472
Peekskill Hollow Rd
PUTNAM VALLEY, NY
Fogarty Mortgage Services
(845)561-1101
53 Route 17K
NEWBURGH, NY
Bonacic Lobiondo & Krahulik LLP
(845)897-4500
1399 Route 52
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

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