Green Mortgages Baldwinsville 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 Baldwinsville.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
Kinne & Kirkville Rd 900 Kinne St
Syracuse, NY
Bank of America - Camillus Commons
315.487.0772
5345 West Genesee Street
Camillus, NY
Accudata Search
(315)451-3284
7641 Henry Clay Boulevard
Liverpool, NY
Solvay Bank
(315)487-2013
2318 West Genesee Street Stop 7
SYRACUSE, NY
Investment Property Group
(315)689-5311
Box 190 Po
MEMPHIS, NY
HSBC Bank
1.800.975.HSBC (4722)
Next To Wendy'S 5785 E Circle Dr
Cicero, NY
Chase Bank
(315) 652-4607
4169 Elmcrest Rd
Liverpool, NY
Bank of America - Kimbrook
800.432.1000
3588 Route 31
Baldwinsville, NY
Wells Fargo Financial
(315)458-0074
628 S Main St Peters Shopping Cent
SYRACUSE, NY
Residential Mortgage CO
(315)455-5179
2231 Brewerton Road
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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