Green Mortgages Liverpool 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 Liverpool.

Local Companies

Citizens Bank - Cicero/Wal-Mart
315-699-7133
8064 Brewerton Road
Cicero, NY
All Seasons Abstract
(315)676-7385
118 Thelma Road
Central Square, NY
Power House Mortgage And Funding Company
(315)426-1537
222 Twinhills Drive
Syracuse, NY
Partners Trust Bank Mortgage Services
(315)671-5100
6870 East Genesee Street
FAYETTEVILLE, NY
Baritell David
(315)488-0583
4914 West Genesee Street
CAMILLUS, NY
Citizens Bank - North Syracuse
315-458-3147
3808 Brewerton Rd.
Syracuse, NY
The H G Ellis Agency Inc
(315)623-7765
Po Box 287
Constantia, NY
Christopher M. Hurley Agency
(315)488-8907
404 Chapel Dr
Syracuse, NY
Solvay Bank
(315)672-3092
56 Main Street
CAMILLUS, NY
CFO Capital Partners
315.633.9653
437 FoxTract Rd
BRIDGEPORT, 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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