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

HSBC Bank
1.800.975.HSBC (4722)
Rte 173 & 92 228 E Seneca St
Manlius, NY
Bank of America - Kimbrook
800.432.1000
3588 Route 31
Baldwinsville, NY
Clearway Mortgage
315-458-5900
Syracuse, NY
Geddes Federal Savings & Loan Association
(315)468-6281
2208 West Genesee Street
SYRACUSE, NY
American General Financial Services
(315)622-2220
8395 Oswego Road Suite H
BALDWINSVILLE, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of Beverly Dr 4401 W Genessee St
Syracuse, NY
Citizens Bank - Cicero
315-699-3672
7941 Brewerton Rd
Cicero, NY
Mid York Associates
(315)696-5714
4 Clinton St
Tully, NY
Investment Property Group
(315)689-5311
Box 190 Po
MEMPHIS, NY
Fleet Mortgage
(315)426-4282
1 Clinton Sq 3rd Fl
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

Related Articles
- Reverse Mortgage East Syracuse NY
The baby boom generation has graced the golden age. Today, seniors have become a significant consumer segment in the economy. With the fast growing population of elders and retired citizens, financing companies are finding ways to meet the core of seniors' needs. One such benefit that seniors greatly enjoy is reverse mortgage financing.
- How to Understand a N.I.N.J.A. Mortgage East Syracuse NY
- Flexible Mortgage For Self Employed East Syracuse NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type East Syracuse NY
- Hidden Costs of Foreclosures East Syracuse NY
- How to Talk to Mortgage Lenders East Syracuse NY
- Safeguarding Against Foreclosure East Syracuse NY
- Adjustable Rate Mortgage East Syracuse NY
- About Buying a Foreclosure Property East Syracuse NY