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

Wells Fargo - Mamaroneck
914-381-6262
219 Mamaroneck Ave
Mamaroneck, NY
Mlk Insurance Service Inc.
(914)674-1144
12 Cedar
Dobbs Ferry, NY
Hudson Valley Abstract Company
(845)634-8794
118 Maple Avenue
New City, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
The Bank of New York Rockland Division - Banking Offices- Stony Point
(845)429-1711
22 Liberty Street
HAVERSTRAW, NY
Wells Fargo - Rye Brook
914-934-8254
243 S Ridge St
Rye Brook, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Nova Star Mortgage
(516)466-4483
505 Northern Boulevard
Great Neck, NY
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
Data Provided by:
      

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