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 - Nottingham
800.432.1000
401 Nottingham Rd
Syracuse, NY
All Seasons Abstract
(315)676-7385
118 Thelma Road
Central Square, NY
Stewart Title And Insurance Co
(315)474-5263
Courthouse
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
Chase Bank
(315) 451-8827
424 7th North St
Liverpool, NY
Dennis A. Hughes Agency
(315)458-6320
5702 S Bay Rd
Cicero, NY
Rmsco
(315)448-9000
115 Continuum Dr
Liverpool, NY
Pitcher Architect
(315)474-1219
300 Highland Street # 1
SYRACUSE, NY
Alliance Bank NA
(315)696-6333
5789 State Route 80
TULLY, 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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