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

HSBC Bank
1.800.975.HSBC (4722)
Hanover Square 309 S Main St
Horseheads, NY
W H Insurance Agency Inc
(607)735-9555
112 Baldwin St
Elmira, NY
Wells Fargo Home Mortgage
(607)739-2441
2854 Westinghouse Road
HORSEHEADS, NY
Territory Mortgage CO
(570)827-2525
51 Main Street
LAWRENCEVILLE, PA
Bowers Harry
(607)796-4980
2483 Corning Road
ELMIRA, NY
HSBC Bank
1.800.975.HSBC (4722)
Middle Of Town 217 Prescott Ave
Elmira Heights, NY
E S And Lelmira Savings And Loan Fa
(607)733-5533
300 West Water Street
Elmira, NY
Citizens And Northern Bank
(570)888-2220
Elmira Street
Sayre, PA
Visions Federal Credit Union
(607)795-4183
2898 Westinghouse Road
HORSEHEADS, NY
Choice One Lending
(607)795-2667
2667 Corning Road
HORSEHEADS, 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

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