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 - Ithaca Tops
607-277-8500
710 South Meadow Street
Ithaca, NY
Alliance Bank Na Community Branch Locations Groton Avenue Office
(607)753-3391
1125 State Route 222
Cortland, NY
M And T Bank M And T Mortgage Corporation
(607)273-7111
118 North Tioga Street
Ithaca, NY
Tompkins County Trust Company
(607)844-8282
North Street Extension
DRYDEN, NY
Atlantic Mortgage Banking
(607)273-1602
320 North Aurora Street
ITHACA, NY
HSBC Bank
1.800.975.HSBC (4722)
Main Street - Downtown 36 Main St
Cortland, NY
Bank of America - Groton Avenue
800.432.1000
1094 Hwy 222
Cortland, NY
Consumer Marketing Service
(607)273-7425
415 North Tioga Street
Ithaca, NY
Alliance Bank Na Community Branch Locations Marathon Office
(607)849-3275
14 East Main Street
Marathon, NY
The First National Bank of Groton
(315)497-2200
41 South Main Street
MORAVIA, 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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