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

Lancaster Mortgage Bankers
(201)678-1000
14 Bergen Street
Hackensack, NJ
The Bank Of New York Rockland Division Banking Offices Sparkill
(845)359-4042
693 Main
Piermont, 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
Citibank N.A.
(914)761-9775
407 Tarrytown Road
WHITE PLAINS, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Washington Mutual Home Loan Center
(201)678-3360
275 Route 4 West (mall Iv) Ste 105
Paramus, NJ
Byrnes And Young
(914)934-8489
327 Irving Avenue
Port Chester, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Dreammaker Realty
(914)654-4825
466 Main Street
NEW ROCHELLE, 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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