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

Lance D. Wiltse Agency
(315)668-3882
9523 Brewerton Rd
Brewerton, NY
Clearway Mortgage
315-458-5900
Syracuse, NY
Solvay Bank Insurance Agency Inc
(315)484-2249
1537 Milton Avenue
SYRACUSE, NY
Homestead Financial Services Inc
(315)445-2000
5795 Widewaters Parkway
SYRACUSE, NY
Syracuse Securities Inc
(315) 685-3032
1583 E Genesee St
Skaneateles, NY
HSBC Bank
1.800.975.HSBC (4722)
Next To Wendy'S 5785 E Circle Dr
Cicero, NY
Ims Group Northeast Corporation
(315)488-4800
4927 West Genesee Street
Camillus, NY
Wells Fargo Financial
(315)458-0074
628 S Main St Peters Shopping Cent
SYRACUSE, NY
J D A Funding Corporation
(315)437-4024
2827 James Street Suite 210
SYRACUSE, NY
GMAC Mortgage Corporation
(315)622-1900
8134 Oswego Road
LIVERPOOL, 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

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