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
Partners Trust Bank
(607)786-4160
1923 Vestal Parkway East
ENDICOTT, NY
M & T Bank - Residential Mortgages- Banking Departments- M & T Mortgage Corpora
(607)786-4720
35 Washington Avenue
ENDICOTT, NY
HCI Mortgage
(607)693-1837
236 Nabinger Hill Road
HARPURSVILLE, NY
Citifinancial
(607)797-9523
365 Harry L Drive Suite 7
JOHNSON CITY, NY
HSBC Bank
1.800.975.HSBC (4722)
Chenango Plaza 1314 Front St
Binghamton, NY
Perpetuities Title Corporation
(607)231-7688
25 Main Street
Binghamton, NY
NBT Bank - Offices- for Customer Service & Account Information
(607)656-5201
80 South Chenango Street
GREENE, NY
IPI Skyscrpaer Mortgage
(607)231-5626
19 Chenango Street Suite 806
BINGHAMTON, NY
Commonfund Mortgage Corporation
(607)798-0900
3439 Vestal Parkway East
VESTAL, 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

Related Articles
- Adjustable Rate Mortgage Binghamton NY
Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.
- Flexible Mortgage For Self Employed Binghamton NY
- Reverse Mortgage Binghamton NY
- Hidden Costs of Foreclosures Binghamton NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Binghamton NY
- About Buying a Foreclosure Property Binghamton NY
- Safeguarding Against Foreclosure Binghamton NY
- How to Understand a N.I.N.J.A. Mortgage Binghamton NY
- How to Talk to Mortgage Lenders Binghamton NY