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

David J Dempsey Agency
(315)364-8230
983 State Route 34b
King Ferry, NY
The Mortgage Organization Inc.
(315)685-7283
10 Lakeview Circle
SKANEATELES, NY
Solvay Bank
(315)672-3092
56 Main Street
CAMILLUS, NY
Baritell David
(315)488-0583
4914 West Genesee Street
CAMILLUS, NY
Phh Mortgage Corporation
(866) 899-8380
15 W Main St
Waterloo, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of Beverly Dr 4401 W Genessee St
Syracuse, NY
Cooper Abstract Co
(315)539-5036
1 Dipronio Drive
Waterloo, NY
Territory Mortgage Inc
(315)252-7400
144 Genesee Gardens
AUBURN, NY
Cayuga Lake National Bank
(315)889-7358
3 Cayuga
UNION SPRINGS, NY
Auburn Community Federal Credit Union
(315)253-2934
65 Wright Circle
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.

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