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
Territory Inc - Mainline
(585)223-7777
7374 Pittsford Palmyra Road
FAIRPORT, NY
GELB Jay Rochester Home Equity Inc
(585)263-4353
180 Office Park Way Suite 2000
PITTSFORD, NY
Bath National Bank - Naples Branch
(585)374-6610
144 South Main Street
NAPLES, NY
Fairport Savings Bank
(585) 381-4040
1173 Pittsford Victor Rd
Pittsford, NY
Bank of America - Fairport
800.432.1000
58 S. Main St
Fairport, NY
National Bank Of Geneva Plaza Office
(315)789-3300
Town & Country Plaza
Geneva, NY
National Bank of Geneva - Canandaigua
(585)396-1000
2425 Rochester Road
CANANDAIGUA, NY
Community Bank N A
(585)554-6322
1 North Main Street
RUSHVILLE, NY
AEGIS Lending Corporation
(585)425-1200
430 Perinton Hills Offic
FAIRPORT, 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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