Green Mortgages New Hartford 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 New Hartford.

Local Companies

Bank of America - New Hartford
800.432.1000
50 Genesee St
New Hartford, NY
Bank Of Utica Checking Account Statement Info
(315)797-2761
222 Genesee Street
Utica, NY
Partners Trust Bank
(315)768-3000
150 Central Avenue
ILION, NY
M & T Bank - M & T Mortgage Corporation- M & T Business Banking Center
(315)793-3500
2 Business Park Court
UTICA, NY
Adirondack Bank
(315)866-2413
214 North Washington Street
HERKIMER, NY
HSBC Bank
1.800.975.HSBC (4722)
New Hartford Shopping Ctr 1 N Hartford Shopping Ctr
New Hartford, NY
Advantage Abstract Company Inc
(315)732-0324
258 Genesee Street # 309
Utica, NY
The Homeownership Center
(315)724-4197
1611 Genesee Street
UTICA, NY
NBT Bank - Offices
(315)797-0698
8549 Seneca Turnpike
NEW HARTFORD, NY
Fleet Private Clients Group
(315)798-2839
268 Genesee Street
UTICA, 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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