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

Lang Law Office
(315)445-1831
6883 E Genesee St
Fayetteville, NY
Eljay Abstract Co Inc
(315)424-0205
1010 James Street Suite 1
Syracuse, NY
Clearway Mortgage
315-458-5900
Syracuse, NY
Homestead Funding Corp
(315) 698-1610
8763 Brewerton Rd
Brewerton, NY
Funding Source Llc
(315) 434-9292
906 Spencer St
Syracuse, NY
HSBC Bank
1.800.975.HSBC (4722)
Jefferson & Warren Sts. 360 South Warren St
Syracuse, NY
Fulton Savings Bank Mortgage Department
(315)592-3171
75 South 1st Street # 1
Fulton, NY
Independent Title Agency Llc
(315)476-3851
115 East Jefferson Street Suite 405
Syracuse, NY
PHH Mortgage Services
(315)455-3176
311 Richfield Boulevard
SYRACUSE, NY
Bank Of America Na Charlotte
(315) 426-4268
One Clinton Square 4Th Floor
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.

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