Green Mortgages Elmira 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 Elmira.

Local Companies

E S And Lelmira Savings And Loan Fa
(607)733-5533
300 West Water Street
Elmira, NY
Accurate Abstracts
(570)888-7588
304 North Keystone Avenue
Sayre, PA
Marine Midland Mortgage Corporation
(607)737-2160
150 Lake Street Suite 1
ELMIRA, NY
Commonwealth Bank A Division of Meridian - Branch Offices- Lawrenceville Of
(570)827-2121
53 Main Street
LAWRENCEVILLE, PA
Bath National Bank
(607)734-2091
351 North Main Street
ELMIRA, NY
Allstate Insurance Harry A. Bowers
(607)796-9113
2483 Corning Rd
Elmira, NY
Senka Agency
(607)594-3335
Po Box 129
Odessa, NY
SMC Mortgage Co
(607)735-0940
303 West Church
ELMIRA, NY
E S & L-Elmira Savings & Loan FA
(607)733-5533
300 West Water Street
ELMIRA, NY
Citifinancial
(607)796-4175
830 County Road 64 Suite 2
ELMIRA, 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
- Adjustable Rate Mortgage Elmira NY
Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.
- How to Understand a N.I.N.J.A. Mortgage Elmira NY
- Safeguarding Against Foreclosure Elmira NY
- Flexible Mortgage For Self Employed Elmira NY
- Hidden Costs of Foreclosures Elmira NY
- How to Talk to Mortgage Lenders Elmira NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Elmira NY
- Reverse Mortgage Elmira NY
- About Buying a Foreclosure Property Elmira NY