Green Mortgages East Syracuse 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 East Syracuse.

Local Companies

Citizens Bank - Western Lights/Price Chopper
315-423-9248
4713 Onondaga Blvd
Syracuse, NY
Robert W Lighthouse
(315)472-5420
440 S Warren St
Syracuse, NY
Ticor Title Insurance
(315)477-9871
201 East Jefferson Street
Syracuse, NY
Power House Mortgage & Funding Company
(315)426-1537
222 Twinhills Drive
SYRACUSE, NY
First Cardinal Corporation
(315)451-4426
290 Elwood Davis Road
LIVERPOOL, NY
HSBC Bank
1.800.975.HSBC (4722)
Jefferson & Warren Sts. 360 South Warren St
Syracuse, NY
Bank of America - Presidential Plaza
800.432.1000
500 E. Genesee St
Syracuse, NY
Talon Group
(315)422-6900
351 South Warren
Syracuse, NY
Geddes Federal Savings And Loan Association
(315)468-6281
2208 West Genesee Street
Syracuse, NY
Homestead Financial Services Inc
(315)445-2000
5795 Widewaters Parkway
SYRACUSE, 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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