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

Wells Fargo Financial Leasing Rural Markets
(315)434-5000
5000 Brittonfield Pkwy
East Syracuse, NY
Talon Group
(315)422-6900
351 South Warren
Syracuse, NY
Liverpool Associates Insurance Agency
(315)428-1486
431 North Salina Street
Syracuse, NY
Solvay Bank
(315)458-7492
628 South Main Street Suite 5
SYRACUSE, NY
Syracuse Securities Inc
(315) 234-4600
333 Butternut Dr Ste 107
De Witt, NY
Bank of America - Eastwood
800.432.1000
2334 James St
Syracuse, NY
Steve Donigan Agency
(315)428-8600
708 West Belden Avenue
Syracuse, NY
Kemper Network Svc Ctr
(888)825-8668
5784 Widewaters Pkwy
Syracuse, NY
Suncoast Mortgage Corporation
(315)451-2050
209 2nd Street
LIVERPOOL, NY
Aatex Mortgage Inc
(315)422-2706
472 South Salina
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