Green Mortgages Binghamton 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 Binghamton.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
Post Office 18 Lake St
Owego, NY
Consumer Marketing Services Inc
(607)724-5221
20 Hawley Street Suite 800e
Binghamton, NY
CBI Inc
607-757-2342
Endicott, NY
NBT Bank - Offices- for Customer Service & Account Information
(607)656-5201
80 South Chenango Street
GREENE, NY
Homestead Funding Corp
(607) 238-1577
84 Court St
Binghamton, NY
HSBC Bank
1.800.975.HSBC (4722)
Oakdale Mall/Wegmans 200 Oakdale Mall
Johnson City, NY
Citizens Bank - Endicott
607-754-5021
18 Washington Avenue
Endicott, NY
Four Corners Abstract
(607)772-6976
71 State Street
Binghamton, NY
Partners Trust Bank
(607)786-4160
1923 Vestal Parkway East
ENDICOTT, NY
Visions Federal Credit Union
(607) 786-2000
24 Mckinley Ave
Endicott, 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