Green Mortgages Auburn 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 Auburn.

Local Companies

Bank of America - Camillus Commons
315.487.0772
5345 West Genesee Street
Camillus, NY
Vanguard Risk Managers
(315)673-2094
Po Box 191
Marcellus, NY
Crossroads Abstract Corporation Main Ofc
(315)539-8970
16 Virginia Street
Waterloo, NY
Solvay Bank
(315)672-3092
56 Main Street
CAMILLUS, NY
Cayuga Lake National Bank
(315)889-7358
3 Cayuga
UNION SPRINGS, NY
Chase Bank
(315) 488-9255
3508 W Genesee St
Syracuse, NY
Citizens Bank - Camillus/Wal-Mart
315-468-8622
5399 West Genesee St.
Camillus, NY
Crossroads Abstract Corporation Clerks Ofc
(315)539-1260
1 Dipronio Drive
Waterloo, NY
The Mortgage House
(315)253-3239
7 William Street
AUBURN, NY
Solvay Bank
(315)484-2200
1537 Milton Avenue
SYRACUSE, NY

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

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