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

Elmira Abstract Corporation
(607)735-0847
200 William Street
Elmira, NY
Bath National Bank Erwin Branch
(607)936-2182
404 South Hamilton Street
Painted Post, NY
Community Bank NA - Corning North
(607)937-5471
331 West Pulteney Street
CORNING, NY
Bath National Bank - West End Office
(607)776-3381
323 West Washington Street
BATH, NY
Chemung Canal Trust Company
(607) 737-3724
1 Chemung Canal Plz
Elmira, NY
Piper Agency The
(607)937-6028
318 B Park Avenue
Corning, NY
Cooper And Pautz
(607)739-8763
2854 Westinghouse Road
Horseheads, NY
Marine Midland Mortgage Corporation
(607)737-2160
150 Lake Street Suite 1
ELMIRA, NY
Citifinancial - Bath
(607)776-8083
368 West Washington Street
BATH, NY
Bath National Bank - Erwin Branch
(607)936-2182
404 South Hamilton Street
PAINTED POST, 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

Related Articles
- About Buying a Foreclosure Property Corning NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- Adjustable Rate Mortgage Corning NY
- How to Talk to Mortgage Lenders Corning NY
- Flexible Mortgage For Self Employed Corning NY
- Safeguarding Against Foreclosure Corning NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Corning NY
- How to Understand a N.I.N.J.A. Mortgage Corning NY
- Hidden Costs of Foreclosures Corning NY
- Reverse Mortgage Corning NY