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

Absolute Property Services Inc
(315)461-9355
7445 Morgan Road
Liverpool, NY
Cny Insurance Agency
(315)453-2100
4205 Long Branch Rd
Liverpool, NY
Upstate Title Service
(315)625-4355
2046 County Route 11
Parish, NY
Hellings Insurance Agency
(315)458-4848
912 Church Street
Syracuse, NY
Fulton Savings Bank - Mortgage Department
(315)592-3171
75 South 1st Street # 1
FULTON, NY
HSBC Bank
1.800.975.HSBC (4722)
Glenn Crossing Plaza 7379 Oswego Rd
Liverpool, NY
Accudata Search
(315)451-3284
7641 Henry Clay Boulevard
Liverpool, NY
Fitzgibbons Agency
(315)342-5000
35 East 1st Street
Oswego, NY
Hatch Leonard Markin Shaw
(315)461-1282
100 Elwood Davis Rd
Syracuse, NY
Household Finance Corporation
(315)652-1600
4130 State Route 31
CLAY, 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.

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