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

Monroe Title Insurance Corporation
(315)252-0962
128 Genesee
Auburn, NY
Christopher M. Hurley Agency
(315)488-8907
404 Chapel Dr
Syracuse, NY
The Mortgage House
(315)253-3239
7 William Street
AUBURN, NY
M & T Bank - Branches- Seneca Falls
(315)568-9876
2109 USRoute 20
SENECA FALLS, NY
Syracuse Securities Inc
(315) 253-3239
7 William St
Auburn, NY
Bank of America - Onondaga Hill
800.432.1000
4865 W. Seneca Turnpike
Syracuse, NY
M And T Bank Branches Seneca Falls
(315)568-9876
2109 Usroute 20
Seneca Falls, NY
Cooper Abstract Co
(315)539-5036
1 Dipronio Drive
Waterloo, NY
Territory Mortgage Inc
(315)252-7400
144 Genesee Gardens
AUBURN, NY
1st New York Mortgage
(518)383-1200
1407 Rt 9 B2
FAYETTE, 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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