Green Mortgages Canandaigua 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 Canandaigua.

Local Companies

Allstate Insurance Alan Czaplicki
(585)223-3700
12 Courtney Drive Unit #e
Fairport, NY
National Bank Of Geneva Plaza Office
(315)789-3300
Town & Country Plaza
Geneva, NY
Community Bank N A - Newark Plaza
585-554-6322
Rushville, NY
Finger Lakes Mortgage Company
(585)229-5665
4 East Main Street
HONEOYE, NY
Nvr Mortgage Finance Inc
(585) 248-0080
1175 Pittsford Victor Rd Ste 1
Pittsford, NY
Fairport Savings Bank Mortgage Line
(585)223-7043
45 South Main Street
Fairport, NY
Allstate Insurance Samuel J. Nash
(585)425-8830
7450 Ptsfrd Plmyr Rd
Fairport, NY
Keuka Abstract Corporation
(315)536-0449
417 Liberty Street
Penn Yan, NY
Fleet Bank
(800)841-4000
9 N Main St
PITTSFORD, NY
Devere Capital Corp
(315)986-8045
1146 Route 31
MACEDON, 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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