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

Chase Bank
(315) 363-5000
150 Main St
Oneida, NY
Bank of America - Onondaga Hill
800.432.1000
4865 W. Seneca Turnpike
Syracuse, NY
Wells Fargo Financial Leasing Rural Markets
(315)434-5000
5000 Brittonfield Pkwy
East Syracuse, NY
Central New York Abstract Corporation
(315)363-4560
Po Box 26
Wampsville, NY
Homestead Financial Svcs Inc
(315) 445-2000
5010 Campuswood Dr
East Syracuse, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of Beverly Dr 4401 W Genessee St
Syracuse, NY
Citizens Bank - Clay Shopping Center/Price Cho
315-652-2136
3863 State Route 31
Liverpool, NY
The Caldwell Agency Inc
(315)697-2087
Po Box 226
Canastota, NY
Talon Group
(315)422-6900
351 South Warren
Syracuse, NY
Family First Mortgage
(315)378-0884
4610 Bloomsbury Drive
SYRACUSE, 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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