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

National Bank Of Geneva Honeoye Falls
(585)624-5940
166 West Main Street
Honeoye Falls, NY
Mead Maloy Agcy Inc
(315)331-1432
212 N Main St
Newark, NY
GELB Jay Rochester Home Equity Inc
(585)263-4353
180 Office Park Way Suite 2000
PITTSFORD, NY
CNB Mortgage
(585)394-4260
72 South Main Street
CANANDAIGUA, NY
ACS Mortgage Services Inc
(585)425-4360
930 Perinton Hills Offic
FAIRPORT, NY
Fairport Savings Bank Mortgage Line
(585)223-7043
45 South Main Street
Fairport, NY
Edward R Dundas Agency
(315)331-8401
999 E Union St
Newark, NY
The Lyons National Bank
(315)781-5000
41 Seneca Street
GENEVA, NY
Frontier Mortgage of NY Inc
(585)742-1480
6160 Barkwood Court
FARMINGTON, NY
Bath National Bank - Naples Branch
(585)374-6610
144 South Main Street
NAPLES, 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.

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