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

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(315)451-3284
7641 Henry Clay Boulevard
Liverpool, NY
Eljay Abstract Co Inc
(315)424-0205
1010 James Street Suite 1
Syracuse, NY
Residential Mortgage CO
(315)455-5179
2231 Brewerton Road
SYRACUSE, NY
A Powerhouse Mortgage & Funding Co
(315)396-1051
427 James Street
SYRACUSE, NY
Syracuse Securities Inc
(315) 234-4600
333 Butternut Dr Ste 107
De Witt, NY
HSBC Bank
1.800.975.HSBC (4722)
Shoppingtown Mall 6570 Kinne Rd
Dewitt, NY
Secny Federal Credit Union Main Office
(315)469-5599
4727 West Seneca Turnpike
Syracuse, NY
Kemper Network Svc Ctr
(888)825-8668
5784 Widewaters Pkwy
Syracuse, NY
Northgate Funding CO
(315)476-7017
S 109 Warren
SYRACUSE, NY
Syracuse Securities Inc
(315) 685-3032
1583 E Genesee St
Skaneateles, NY

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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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