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

Geddes Federal Savings And Loan Association
(315)468-6281
2208 West Genesee Street
Syracuse, NY
Territory Mortgage Inc
(315)252-7400
144 Genesee Gardens
AUBURN, NY
National Bank of Geneva
(315)253-7500
345 Genesee Street
AUBURN, NY
Guzalak Dennis
(315)252-5775
21 Lincoln
AUBURN, NY
1st New York Mortgage
(518)383-1200
1407 Rt 9 B2
FAYETTE, NY
Ims Group Northeast Corporation
(315)488-4800
4927 West Genesee Street
Camillus, NY
Crossroads Abstract Corporation Main Ofc
(315)539-8970
16 Virginia Street
Waterloo, NY
Secny Federal Credit Union - Main Office
(315)469-5599
4727 West Seneca Turnpike
SYRACUSE, NY
M & T Bank - Branches- Seneca Falls
(315)568-9876
2109 USRoute 20
SENECA FALLS, NY
Cayuga Lake National Bank
(315)889-7358
3 Cayuga
UNION SPRINGS, 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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