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

HSBC Bank
1.800.975.HSBC (4722)
Historic Downtown Waverly 245 Broad St
Waverly, NY
Commonwealth Bank A Division Of Meridian Branch Offices Lawrenceville Of
(570)827-2121
53 Main Street
Lawrenceville, PA
SMC Mortgage Co
(607)735-0940
303 West Church
ELMIRA, NY
E S & L-Elmira Savings & Loan FA
(607)733-5533
300 West Water Street
ELMIRA, NY
Chemung Financial Corporation
(607)737-3711
1 Chemung Canal Plaza
ELMIRA, NY
HSBC Bank
1.800.975.HSBC (4722)
Franklin & Eighth Street 712 N Franklin St
Watkins Glen, NY
Community Bank Na Addison
(607)359-2251
Tuscarora
Addison, NY
Territory Mortgage Inc
(607)767-0201
350 West Church Street
ELMIRA, NY
IPI Skyscraper Mortgage Corporation
(607)735-0174
102 West 14th Street
ELMIRA, NY
Citifinancial
(607)796-4175
830 County Road 64 Suite 2
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.

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