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

Chase Bank
(914) 251-3302
2900 Westchester Avenue
Purchase, NY
Allstate Insurance Owen F. Cosgrove
(914)288-0101
365 Mamaroneck Ave
White Plains, NY
Mr. Jonathan P. Delo (RFC®), CFP
845 893 0073
200 Business Park Dr Ste 308
Armonk, NY
Settlers Mortgage Company Llc
(203)762-5688
219 Thunder Lake Road
Wilton, CT
R & P Capital Resource Inc
(914)686-4143
56 Lafayette Av
WHITE PLAINS, NY
Wells Fargo - White Plains
914-682-7416
202 Mamaroneck Ave
White Plains, NY
National Granite Title Insurance Agency Inc
(845)639-1415
155 North Main Street
New City, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Alliah Advisory Group Inc
845-638-6653
New City, NY
Superior Mortgage Company Inc
(845)928-2845
296 Route 59
SUFFERN, 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