Green Mortgages Endicott 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 Endicott.

Local Companies

Citizens Bank - Chenango Bridge
607-648-8531
603 River Road
Chenango Bridge, NY
Sherry L. Barton Agency
(607)722-6479
286 Conklin Ave
Binghamton, NY
Commercial Credit Plan Inc of Georgetown
607-797-9523
Johnson City, NY
NBT Bank - Customer Service & Account Information- Offices
(607)724-6337
1256 Upper Front Street
BINGHAMTON, NY
Homestead Funding Corp
(607) 238-1577
84 Court St
Binghamton, NY
HSBC Bank
1.800.975.HSBC (4722)
Chenango Plaza 1314 Front St
Binghamton, NY
Citizens Bank - North Street/Price Chopper
607-786-3842
911 North Street
Endicott, NY
Oconnor Francis X Attorney At Law
(570)879-2534
300 Main Street
Great Bend, PA
Robar General Funding
(607)779-1180
19 Chenango
BINGHAMTON, NY
American General Financial Services
(607)724-2441
1332 Upper Front Street
BINGHAMTON, NY

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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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