Green Mortgages Fulton 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 Fulton.

Local Companies

Ryco Information Services Inc
(315)461-8308
7591 Morgan Road # 1
Liverpool, NY
Four Corners Abstract Corporation
(315)342-1601
85 West Bridge Street
Oswego, NY
Ticor Title Insurance Co
(315)342-2184
34 East Bridge Street
Oswego, NY
Americu Credit Union
800-388-2000
Liverpool, NY
Solvay Bank
(315)484-2200
1537 Milton Avenue
SYRACUSE, NY
Citizens Bank - Liverpool
315-622-1294
7541 Oswego Road
Liverpool, NY
Accudata Search
(315)451-3284
7641 Henry Clay Boulevard
Liverpool, NY
Fulton Savings Bank Hannibal Village Plaza Fulton Offices Loan Rep Of
(315)343-1230
102 West Utica Street
Oswego, NY
Hatch Leonard Markin Shaw
(315)461-1282
100 Elwood Davis Rd
Syracuse, NY
Wells Fargo Financial
(315)458-0074
628 S Main St Peters Shopping Cent
SYRACUSE, 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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