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

Citizens Bank - Cicero
315-699-3672
7941 Brewerton Rd
Cicero, NY
Eastern Shore Associates Insurance Fulton
(315)598-6000
101 Cayuga Street
Fulton, NY
Fulton Savings Bank Hannibal Village Plaza Fulton Offices Loan Rep Of
(315)343-1230
102 West Utica Street
Oswego, NY
Public Abstract Corporation
(315)343-7068
94 East Bridge Street
Oswego, NY
Lyons National Bank
(315)689-9530
2 N Main
JORDAN, NY
HSBC Bank
1.800.975.HSBC (4722)
Next To Wendy'S 5785 E Circle Dr
Cicero, NY
Ims Group Northeast Corporation
(315)488-4800
4927 West Genesee Street
Camillus, NY
Accudata Search
(315)451-3284
7641 Henry Clay Boulevard
Liverpool, NY
Oswego Valley Insurance Agencies Llc
(315)343-3787
166 West 1st Street
Oswego, NY
Solvay Bank
(315)458-7492
628 South Main Street Suite 5
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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