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

New Frontier Title Agency Llc
(607)733-7300
221 West Church
Elmira, NY
Community Bank Na Commercial Loan Department
(607)936-2827
240 South Hamilton Street
Painted Post, NY
Steuben Trust CO
(607)664-3200
201 Bath Plaza
BATH, NY
Community Bank NA - Horseheads-Consumer Square
(607)796-6910
830 County Road 64
ELMIRA, NY
Citifinancial - Bath
(607)776-8083
368 West Washington Street
BATH, NY
Ticor Title Insurance
(607)776-7866
34 Liberty Street
Bath, NY
W H Insurance Agency Inc
(607)735-9555
112 Baldwin St
Elmira, NY
Territory Mortgage CO
(570)827-2525
51 Main Street
LAWRENCEVILLE, PA
S L Funding
(607)776-1364
7202 Route 54
BATH, NY
Community Bank NA
(607)936-2223
240 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

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