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

Piper Agency The
(607)937-6028
318 B Park Avenue
Corning, NY
Community Bank Na Commercial Loan Department
(607)936-2827
240 South Hamilton Street
Painted Post, NY
Elmira Savings Bank - Branch Offices
(607)734-3374
930 West Church Street
ELMIRA, NY
Community Bank NA - Corning
(607)962-2461
150 West Market Street
CORNING, NY
Allegheny Valley Bank Of Pittsburgh
(412)781-0318
5137 Butler Street
LAWRENCEVILLE, PA
HSBC Bank
1.800.975.HSBC (4722)
Chemung Co. Court House 150 Lake St
Elmira, NY
Allstate Insurance Nancy A Murphy
(607)732-2133
966 Pennsylvania Ave
Elmira, NY
Territory Mortgage Inc
(607)767-0201
350 West Church Street
ELMIRA, NY
Community Bank NA - Corning North
(607)937-5471
331 West Pulteney Street
CORNING, NY
CCSD Federal Credit Union
(607)733-4624
218 Prescott Avenue
ELMIRA, 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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