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 - Endicott
607-754-5021
18 Washington Avenue
Endicott, NY
Allstate Insurance Tim Lounsbury
(607)687-6848
82 North Ave
Owego, NY
Wells Fargo Home Mortgage
(607)797-1182
520 Columbia Dr
JOHNSON CITY, NY
Citifinancial
(607)797-9523
365 Harry L Drive Suite 7
JOHNSON CITY, NY
American General Financial Services
(607)724-2441
1332 Upper Front Street
BINGHAMTON, NY
Citizens Bank - Apalachin
607-625-2200
8806 State Rte. 434
Apalachin, NY
Citizens Bank - Binghamton / West
607-766-9190
247 Main Street
Binghamton, NY
Monroe Title Insurance Corporation
(607)687-1776
176 Main Street
Owego, NY
Mortgage It Inc
(607)644-9200
4104 Vestal Road
VESTAL, NY
Cardell Steve Insurance
(607)754-5466
3306 East Main Street
ENDICOTT, 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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