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

Community Bank Na Corning
(607)962-2461
150 West Market Street
Corning, NY
W H Insurance Agency Inc
(607)735-9555
112 Baldwin St
Elmira, NY
Territory Mortgage CO
(570)827-2525
51 Main Street
LAWRENCEVILLE, PA
Community Bank NA - Corning North
(607)937-5471
331 West Pulteney Street
CORNING, NY
Allegheny Valley Bank Of Pittsburgh
(412)781-0318
5137 Butler Street
LAWRENCEVILLE, PA
Citizens Bank - Consumer Square/Tops
607-796-2217
830 County Rd 64
Elmira, NY
Elmira Abstract Corporation
(607)735-0847
200 William Street
Elmira, NY
Citizens And Northern Bank Athens Ofc
(570)888-2291
428 South Main Street
Athens, PA
SMC Mortgage Co
(607)735-0940
303 West Church
ELMIRA, NY
Chemung Financial Corporation
(607)737-3711
1 Chemung Canal Plaza
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
- Safeguarding Against Foreclosure Elmira NY
A budget creates a structure that prioritizes your monthly income so that you spend your money on what is most important. It protects you from frittering away your cash on whims and ending up short on the items that are critical, like your monthly mortgage payment.
- About Buying a Foreclosure Property Elmira NY
- How to Understand a N.I.N.J.A. Mortgage Elmira NY
- Adjustable Rate Mortgage Elmira NY
- Flexible Mortgage For Self Employed Elmira NY
- Reverse Mortgage Elmira NY
- How to Talk to Mortgage Lenders Elmira NY
- Hidden Costs of Foreclosures Elmira NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Elmira NY