Green Mortgages Ogdensburg 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 Ogdensburg.

Local Companies

Stokes H Clifford
(315)386-3462
78 Main Street
Canton, NY
Citizens National Bank Of Hammond Morristown
(315)375-4366
405 Main Street
Morristown, NY
NBT Bank
(315)393-8820
2800 Ford Street Extension
OGDENSBURG, NY
Community Bank NA
(315)322-5795
3748 County Route 14
MADRID, NY
Citizens National Bank of Hammond
(315)324-5961
19 North Main Street
HAMMOND, NY
Eugene D. Seeley Agency
(315)386-4335
63 Main St
Canton, NY
Home Abstract Company
(315)386-1316
48 Court Street
Canton, NY
North Country Savings Bank
(315)393-1600
401 Caroline Street
OGDENSBURG, NY
N B T Bank
(315)386-2265
5 Park Place
CANTON, NY
Citizens National Bank of Hammond - Morristown
(315)375-4366
405 Main Street
MORRISTOWN, 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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