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 - North Syracuse
315-458-3147
3808 Brewerton Rd.
Syracuse, NY
Absolute Property Services Inc
(315)461-9355
7445 Morgan Road
Liverpool, NY
Fulton Savings Bank - Mortgage Department
(315)592-3171
75 South 1st Street # 1
FULTON, NY
Community Bank NA
(315)564-5118
343 State Route 34
HANNIBAL, NY
Metlife Bank, National Association
(315) 453-6800
1020 7Th North St Ste 140
Liverpool, NY
HSBC Bank
1.800.975.HSBC (4722)
Tri-County Mall 197 Downer St
Baldwinsville, NY
Bank of America - Kimbrook
800.432.1000
3588 Route 31
Baldwinsville, NY
GMAC Mortgage Corporation
(315)622-1900
8134 Oswego Road
LIVERPOOL, NY
Empire Federal Credit Union
(315)622-9840
8430 Oswego Road
LIVERPOOL, NY
Alliance Bank, Na
(315) 475-5895
7956 Brewerton Rd
Cicero, 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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