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 - Shop City Plaza
315-463-9245
190 Swansea Dr
Syracuse, NY
Eastern Shore Associates Insurance Fulton
(315)598-6000
101 Cayuga Street
Fulton, NY
Angelic Touch Therapy
315-472-1693
Syracuse, NY
Fleet Mortgage
(315)426-4282
1 Clinton Sq 3rd Fl
SYRACUSE, NY
Bank Of America Na Charlotte
(315) 426-4268
One Clinton Square 4Th Floor
Syracuse, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of Beverly Dr 4401 W Genessee St
Syracuse, NY
Ims Group Northeast Corporation
(315)488-4800
4927 West Genesee Street
Camillus, NY
M And T Bank Banking Departments M And T Mortgage Corporation
(315)424-4475
101 South Salina Street
Syracuse, NY
Northgate Funding CO
(315)476-7017
S 109 Warren
SYRACUSE, NY
Citifinancial
(315)699-4950
6195 State Route 31
CICERO, 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