Green Mortgages Manlius 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 Manlius.

Local Companies

Bank of America - Eastwood
800.432.1000
2334 James St
Syracuse, NY
Geddes Federal Savings And Loan Association
(315)468-6281
2208 West Genesee Street
Syracuse, NY
Parmco Mortgage CO
(315)682-4600
8505 Chippendale Drive
MANLIUS, NY
Blackthorne Funding LLC
(315)426-0300
472 South Salina
SYRACUSE, NY
Syracuse Securities Inc
(315) 424-0218
1010 James St
Syracuse, NY
HSBC Bank
1.800.975.HSBC (4722)
Shoppingtown Mall 6570 Kinne Rd
Dewitt, NY
Stewart Title And Insurance Co
(315)474-5263
Courthouse
Syracuse, NY
Syracuse Cooperative FCU
(315)471-1116
723 Westcott St
SYRACUSE, NY
M & r Mortgage Assistance
(315)477-1377
117 Herbst Av
SYRACUSE, NY
Alliance Bank, Na
(315) 475-5895
7956 Brewerton Rd
Cicero, 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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