Green Mortgages Brockport 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 Brockport.

Local Companies

Citizens Bank - Pittsford Plaza
585-385-4910
3349 Monroe Avenue
Rochester, NY
Residential Title Agency Inc
(585)321-0050
370 Summit Point Drive
Henrietta, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Citysource Funding
(585)663-2220
1597 Ridge Road West
ROCHESTER, NY
All Fund Mortgage
(585)235-1303
1250 Scottsville Road
ROCHESTER, NY
Chase Bank
(585) 258-5888
1 Chase Square
Rochester, NY
Citizens Bank - S. Clinton Ave/Tops
585-442-2090
1900 Clinton Avenue S.
Rochester, NY
Townsend Insurance
(716)768-6262
40 Main St
Le Roy, NY
First Residential Lending Corporation
(585)214-0500
120 Allens Creek Road
ROCHESTER, NY
Citibank (New York State)
(585)334-1482
2655 E Henrietta Road
HENRIETTA, 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.

Click here to read full article from Builder Online

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