Green Mortgages White Plains 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 White Plains.

Local Companies

Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Certified Mortgage Co
(201)265-0066
912 Kinderkamack Road
River Edge, NJ
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Federated Mortgage Co Of America
201-969-8500
Edgewater, NJ
AAA DeClara Funding
(516)488-8000
1983 Marcus Avenue Suite C105
NEW HYDE PARK, NY
Capital One
718-798-9300
3159 Bainbridge Ave
Bronx, NY
New York Mortgage Co
(201)612-8998
239 Woodside Av
Ridgewood, NJ
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
First American Mortgage Associates Inc
(201)840-7776
108 Undercliff Av
Cliffside Park, NJ
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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

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