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

Ims Group Northeast Corporation
(315)488-4800
4927 West Genesee Street
Camillus, NY
Hatch Leonard Markin Shaw
(315)461-1282
100 Elwood Davis Rd
Syracuse, NY
GMAC Mortgage Corporation
(315)622-1900
8134 Oswego Road
LIVERPOOL, NY
Citifinancial
(315)699-4950
6195 State Route 31
CICERO, NY
Syracuse Securities Inc
(315) 234-4600
333 Butternut Dr Ste 107
De Witt, NY
HSBC Bank
1.800.975.HSBC (4722)
Glenn Crossing Plaza 7379 Oswego Rd
Liverpool, NY
A Powerhouse Mortgage And Funding Co
(315)396-1051
427 James Street
Syracuse, NY
Northgate Funding CO
(315)476-7017
S 109 Warren
SYRACUSE, NY
Fleet Mortgage
(315)426-4282
1 Clinton Sq 3rd Fl
SYRACUSE, NY
Funding Source Llc
(315) 434-9292
906 Spencer St
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