Green Mortgages Yorktown Heights 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 Yorktown Heights.

Local Companies

TD Bank
845-225-8429
96 Gleneida Avenue
Carmel, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Argent Mortgage
914-421-4600
West Harrison, NY
Modular Home Building Institute
(203)972-7117
24 Pine Street
New Canaan, CT
Gold Mortgages Services Inc
(845)534-6800
264 Main Street
CORNWALL, NY
HSBC Bank
1.800.975.HSBC (4722)
Near Ibm Plant 1941 Route 52
Hopewell Junction, NY
Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Prime Asset Funding
(203)629-0947
125 Mason Street
Greenwich, CT
Household Finance Corporation
(845)352-0108
1 Spring Valley Market
SPRING VALLEY, 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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