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 Drive Thru
607-754-9872
12 Madison Avenue
Endicott, NY
Allstate Insurance Tim Lounsbury
(607)687-6848
82 North Ave
Owego, NY
Oconnor Francis X Attorney At Law
(570)879-2534
300 Main Street
Great Bend, PA
Cambridge Company
(607)748-3195
231 Main Street
VESTAL, NY
Evolve Bank & Trust
(607) 238-1458
74 Carroll St Ste 1
Binghamton, NY
HSBC Bank
1.800.975.HSBC (4722)
Across From Giant Market 282 Main St
Binghamton, NY
Nbt Bank Customer Service And Account Information Offices
(607)724-6337
1256 Upper Front Street
Binghamton, NY
Monroe Title Insurance Corporation
(607)687-1776
176 Main Street
Owego, NY
IPI Skyscrpaer Mortgage
(607)231-5626
19 Chenango Street Suite 806
BINGHAMTON, NY
American General Financial Services
(607)748-7396
1905 Vestal Parkway East
VESTAL, 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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