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

Chase Bank
(315) 652-4607
4169 Elmcrest Rd
Liverpool, NY
Bank of America - Nottingham
800.432.1000
401 Nottingham Rd
Syracuse, NY
Hellings Insurance Agency
(315)458-4848
912 Church Street
Syracuse, NY
Liverpool Associates Insurance Agency
(315)422-1777
2036 South Salina Street
Syracuse, NY
Empire Federal Credit Union
(315)622-9840
8430 Oswego Road
LIVERPOOL, NY
HSBC Bank
1.800.975.HSBC (4722)
Kinne & Kirkville Rd 900 Kinne St
Syracuse, NY
Citizens Bank - Cicero
315-699-3672
7941 Brewerton Rd
Cicero, NY
Lance D. Wiltse Agency
(315)668-3882
9523 Brewerton Rd
Brewerton, NY
Kemper Network Svc Ctr
(888)825-8668
5784 Widewaters Pkwy
Syracuse, NY
Mortgage IT Inc
(315)451-5004
290 Elwood Davis Rd
LIVERPOOL, 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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