Green Mortgages Massena 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 Massena.

Local Companies

William Hayman
(315)265-2140
20 Elm St
Potsdam, NY
North Country Savings Bank
(315)769-3566
22 Phillips Street
MASSENA, NY
Community Bank NA
(315)322-5795
3748 County Route 14
MADRID, NY
Community Bank NA
(315)388-4455
La Grasse
WADDINGTON, NY
Citifinancial
(315)769-0671
164 Harte Haven Plaza
MASSENA, NY
HSBC Bank
1.800.975.HSBC (4722)
Diagonal From Post Office 14 Elm St
Potsdam, NY
Community Bank NA
315-769-0381
Massena, NY
NBT Bank
(315)764-1112
264 Main Street
MASSENA, NY
Community Bank NA
(315)353-6682
28 South Main Street
NORWOOD, NY
Community Bank N A
(315)265-4200
70 Market Street Suite 5
POTSDAM, 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

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