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

Bank of America - Fairport
800.432.1000
58 S. Main St
Fairport, NY
Companies Agency Inc
(716)387-8934
1160 Pittsford Victor Rd
Pittsford, NY
National Bank of Geneva - Canandaigua
(585)396-1000
2425 Rochester Road
CANANDAIGUA, 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
Citizens Bank - Newark NY
315-331-1830
711 W. Miller Street
Newark, NY
Territory Inc Mainline
(585)223-7777
7374 Pittsford Palmyra Road
Fairport, NY
Premium Mortgage Corporation
(585)396-7330
207 South Main Street
CANANDAIGUA, NY
Community Bank NA
(315)331-3032
710 West Miller Street
NEWARK, NY
Affordable Home Funding
(585)223-0480
580 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.

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