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 - Chili Center
585-247-0900
800 Paul Road
Rochester, NY
M And T Bank M And T Mortgage Corp Banking Departments M And T Mortgage Corpora
(585)258-8355
255 East Avenue Bsmt
Rochester, NY
Wells Fargo Financial
(585)225-8180
2496 Ridge Rd W
ROCHESTER, NY
PIMM Roger Realtors
(585)247-0980
1548 Buffalo Road
ROCHESTER, NY
First City Mortgage
(585)338-1804
1914 Ridge Road East
ROCHESTER, NY
HSBC Bank
1.800.975.HSBC (4722)
Across From Powers Bldg 19 W Main St
Rochester, NY
L A H M Group Llc
(716)256-1140
2349 Monroe Ave
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Premium Mortgage Corporation
(585)241-0000
1675 Monroe Avenue
ROCHESTER, NY
Mortgageit
(585)581-1100
1577 Ridge Road West
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