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

HSBC Bank
1.800.975.HSBC (4722)
Across From Xerox Bldg 1 Hsbc Plaza
Rochester, NY
Moneyline New York Llc
(716)325-1811
311 Alexander Street
Rochester, NY
Cdt Funding
585-453-0040
Rochester, NY
Mercier Realty
(585)424-3333
99 Ridgeland Road
ROCHESTER, NY
Nothnagle Home Securities Corp
(585) 461-4110
217 W Main St Ste 200
Rochester, NY
HSBC Bank
1.800.975.HSBC (4722)
In The Ridge-Culver Plaza 2255 Ridge Rd East
Rochester, NY
Bank of America - East Avenue
800.432.1000
1 East Ave
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Territory Mortgage Inc
(585)247-4610
2765 Buffalo Road
ROCHESTER, NY
Citibank (New York State)
(800)934-1609
28 Main Street E
ROCHESTER, NY
Data Provided by:
  

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