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 - Englewood
201-712-3067
44 Engle St
Englewood, NJ
Brompton Title Insurance Llc
(201)488-7555
25 Main Street
Hackensack, NJ
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Stanley Capital Inc
(201)816-8614
210 Sylvan Avenue
Bergenfield, NJ
Mortgage One
(516)622-2330
1979 Marcus Avenue
NEW HYDE PARK, NY
TD Bank
201-487-4945
341 Essex Street
Hackensack, NJ
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, 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
Riverside Mortgage CO
(914)773-2035
19 Westerly Lane
THORNWOOD, 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

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