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

Citizens Bank - Webster
585-265-3660
66 West Main Street
Webster, NY
Allstate Insuranceshelter Rock Associates Llc
(585)279-3000
254-33 Horace Harding Blvd.
Little Neck, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
First Residential Lending Corporation
(585)214-0500
120 Allens Creek Road
ROCHESTER, NY
Adelphi Funding- Inc.
(585)436-2690
2300 Buffalo Rd Bldg 300
ROCHESTER, NY
HSBC Bank
1.800.975.HSBC (4722)
Just West Of 390 2362 Lyell Ave
Rochester, NY
Bank of America - Irondequoit
800.432.1000
1381 E. Ridge Rd
Rochester, NY
Public Abstract Corporation Default Services
(585)760-2020
31 East Main Street
Rochester, NY
National City Mortgage
(716)389-6182
190 Linden Oaks Drive
ROCHESTER, NY
Citibank (New York State)
(585)663-8211
424 Ridge Road W
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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