Green Mortgages Cortland 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 Cortland.

Local Companies

Citizens Bank - N. Triphammer/Tops
607-257-3322
2300 N. Triphammer Rd
Ithaca, NY
M And T Bank M And T Mortgage Corporation
(607)273-7111
118 North Tioga Street
Ithaca, NY
Mid York Associates
(315)696-5714
4 Clinton St
Tully, NY
The First National Bank of Groton
(315)497-2200
41 South Main Street
MORAVIA, NY
Alliance Bank NA - Community Branch Locations- Groton Avenue Office
(607)753-3391
1125 State Route 222
CORTLAND, NY
HSBC Bank
1.800.975.HSBC (4722)
Main Street - Downtown 36 Main St
Cortland, NY
Alliance Bank Na Community Branch Locations Account Information Customer Service Main Of
(607)756-2831
65 Main Street
Cortland, NY
Stanley T. Barlow Agency
(607)257-2306
2333 N Triphammer Rd
Ithaca, NY
Alliance Bank NA - Community Branch Locations, Marathon Office
607-849-3275
Marathon, NY
Atlantic Mortgage Banking
(607)273-1602
320 North Aurora Street
ITHACA, 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
- How to Talk to Mortgage Lenders Cortland NY
Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...
- Adjustable Rate Mortgage Cortland NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Cortland NY
- Flexible Mortgage For Self Employed Cortland NY
- Hidden Costs of Foreclosures Cortland NY
- How to Understand a N.I.N.J.A. Mortgage Cortland NY
- Reverse Mortgage Cortland NY
- Safeguarding Against Foreclosure Cortland NY
- About Buying a Foreclosure Property Cortland NY