Green Mortgages Hilton 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 Hilton.

Local Companies

Bank of America - Ridge Rd West
800.432.1000
2450 Ridge Rd West
Rochester, NY
Bank of America - Southtown
800.432.1000
3333 W. Henrietta Rd
Rochester, NY
First Choice Funding Westside
(585)865-0615
34 Buckman Road
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Citifinancial
(585)227-4660
2747 Ridge Road West
ROCHESTER, NY
HSBC Bank
1.800.975.HSBC (4722)
Between Wilkins & Bernard 762 Joseph Ave
Rochester, NY
Bank of America - Clover-Monroe
800.432.1000
2830 Monroe Ave
Rochester, NY
Centerpointe Mortgage
(585)241-3080
130 Allens Creek Road
Rochester, NY
Frontier Financial Corp.
(888)350-0288
311 Alexander Street Suite 214
Rochester, NY
PIMM Roger Realtors
(585)247-0980
1548 Buffalo Road
ROCHESTER, 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

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