Green Mortgages Fairport 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 Fairport.

Local Companies

Chase Bank
(585) 275-4560
University Of Rochester
Rochester, NY
Bank of America - Churchville
800.432.1000
38 S. Main St
Churchville, NY
Ultralight Freedom Flight Inc
(315)986-3085
Po Box 986
Macedon, NY
Beacon Of Light Mortgage Company
(585) 621-3300
3205 Mount Read Blvd
Rochester, NY
First City Mortgage
(585)338-1804
1914 Ridge Road East
ROCHESTER, NY
HSBC Bank
1.800.975.HSBC (4722)
In The Ridge-Culver Plaza 2255 Ridge Rd East
Rochester, NY
Citizens Bank - Pittsford Plaza
585-385-4910
3349 Monroe Avenue
Rochester, NY
Bank of America - Clover-Monroe
800.432.1000
2830 Monroe Ave
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Wells Fargo Home Mortgage
(585)394-1634
502 South Main Street
CANANDAIGUA, 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