Green Mortgages Horseheads 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 Horseheads.

Local Companies

Elmira Savings Bank Branch Offices
(607)734-3374
930 West Church Street
Elmira, NY
Senka Agency
(607)594-3335
Po Box 129
Odessa, NY
Tompkins County Trust Company
(607)594-3338
100 West Main
ODESSA, NY
Corning Credit Union
(607)962-3144
1 Credit Union Plaza
CORNING, NY
Community Bank NA - Addison
(607)359-2251
Tuscarora
ADDISON, NY
HSBC Bank
1.800.975.HSBC (4722)
Hanover Square 309 S Main St
Horseheads, NY
W H Insurance Agency Inc
(607)735-9555
112 Baldwin St
Elmira, NY
Wells Fargo Home Mortgage
(607)739-2441
2854 Westinghouse Road
HORSEHEADS, NY
Marine Midland Mortgage Corporation
(607)737-2160
150 Lake Street Suite 1
ELMIRA, NY
Community Bank NA - Corning North
(607)937-5471
331 West Pulteney Street
CORNING, 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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