Green Mortgages Camillus 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 Camillus.

Local Companies

Bank of America - Auburn-Genesee Street
800.432.1000
120 Genesee St
Auburn, NY
Brown And Brown Inc
(315)463-4777
5010 Campuswood Dr
East Syracuse, NY
A Powerhouse Mortgage And Funding Co
(315)396-1051
427 James Street
Syracuse, NY
Citifinancial
(315)251-1864
3179 Erie Boulevard East
SYRACUSE, NY
Syracuse Securities Inc
(315) 253-3239
7 William St
Auburn, NY
Chase Bank
(315) 476-0987
801 James St
Syracuse, NY
Ctx Mortgage Company
(315)252-5700
21 Lincoln Street
Auburn, NY
Cny Insurance Agency
(315)453-2100
4205 Long Branch Rd
Liverpool, NY
First Cardinal Corporation
(315)451-4426
290 Elwood Davis Road
LIVERPOOL, NY
Auburn Community Federal Credit Union
(315)253-2934
65 Wright Circle
AUBURN, 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.

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