Green Mortgages Corning 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 Corning.

Local Companies

Bath National Bank West End Office
(607)776-3381
323 West Washington Street
Bath, NY
Ticor Title Insurance
(607)776-7866
34 Liberty Street
Bath, NY
E S And Lelmira Savings And Loan Fa
(607)733-5533
300 West Water Street
Elmira, NY
Community Bank NA - Corning North
(607)937-5471
331 West Pulteney Street
CORNING, NY
3-D Contracting of Elmira Inc
(607)734-2618
214 Juanita Street
ELMIRA, NY
Community Bank Na Addison
(607)359-2251
Tuscarora
Addison, NY
Citifinancial Bath
(607)776-8083
368 West Washington Street
Bath, NY
Community Bank Na Horseheadsconsumer Square
(607)796-6910
830 County Road 64
Elmira, NY
Wells Fargo Home Mortgage
(607)739-2441
2854 Westinghouse Road
HORSEHEADS, NY
Bath National Bank - West End Office
(607)776-3381
323 West Washington Street
BATH, 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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