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

HSBC Bank
1.800.975.HSBC (4722)
Corner Of Beverly Dr 4401 W Genessee St
Syracuse, NY
Citizens Bank - Camillus/Wal-Mart
315-468-8622
5399 West Genesee St.
Camillus, NY
Cayuga Lake National Bank - Aurora Ofc
315-364-8071
Aurora, NY
Solvay Bank
(315)487-2013
2318 West Genesee Street Stop 7
SYRACUSE, NY
Community Bank NA
(607)387-7580
105 Main Street
MORAVIA, NY
HSBC Bank
1.800.975.HSBC (4722)
Seward Mansion- South St 63 Genesee Street
Auburn, NY
Bank of America - Camillus Commons
315.487.0772
5345 West Genesee Street
Camillus, NY
Crossroads Abstract Corporation Main Ofc
(315)539-8970
16 Virginia Street
Waterloo, NY
The Mortgage Organization Inc.
(315)685-7283
10 Lakeview Circle
SKANEATELES, NY
Guzalak Dennis
(315)252-5775
21 Lincoln
AUBURN, 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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