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

Chase Bank
(315) 682-4170
329 Fayette St
Manlius, NY
Satellite Agency Network
(315)697-9673
W Seneca Ave P.o. Box 387
Camillus, NY
M And R Mortgage Assistance
(315)477-1377
117 Herbst Av
Syracuse, NY
Homestead Financial Services Inc
(315)445-2000
5795 Widewaters Parkway
SYRACUSE, NY
Community Bank Na
(315) 445-2282
5790 Widewaters Pkwy
Syracuse, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of Beverly Dr 4401 W Genessee St
Syracuse, NY
Bank of America - Central Square
800.432.1000
3235 Fulton St
Central Square, NY
Rmsco
(315)448-9000
115 Continuum Dr
Liverpool, NY
Syracuse Cooperative FCU
(315)471-1116
723 Westcott St
SYRACUSE, NY
Home Funding Finders
(315)701-1390
443 North Franklin Street
SYRACUSE, 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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