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

Chase Bank
(585) 223-6970
609 Mosely Rd
Fairport, NY
Bank of America - Fairport
800.432.1000
58 S. Main St
Fairport, NY
Allstate Insurance Samuel J. Nash
(585)425-8830
7450 Ptsfrd Plmyr Rd
Fairport, NY
National Bank of Geneva - Victor
(585)742-2000
3 West Main Street
VICTOR, NY
Fairport Savings Bank - Mortgage Line
(585)223-7043
45 South Main Street
FAIRPORT, NY
HSBC Bank
1.800.975.HSBC (4722)
X-From Perinton Sq Mall 12 Courtney Drive
Fairport, NY
Citizens Bank - Perinton Square Mall/Starbucks
585-223-8645
6720 Pittsford-Palmyra Road
Fairport, NY
Fairport Savings Bank Mortgage Line
(585)223-7043
45 South Main Street
Fairport, NY
Community Bank Na - Penn Yan Ofcs
315-536-8104
Penn Yan, NY
Frontier Mortgage of NY Inc
(585)742-1480
6160 Barkwood Court
FARMINGTON, 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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