Green Mortgages Oneonta 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 Oneonta.

Local Companies

Mang Cooperstown
(607)547-2575
133 Chestnut St
Cooperstown, NY
Fidelity Abstract Co
(607)431-1085
98 Main Street
Delhi, NY
Dte
(607)988-2206
Route 2 Box 139f
Otego, NY
Wells Fargo
(607)432-7449
31 Main Street
ONEONTA, NY
Leatherstocking Region Federal Credit Union
(607)547-5700
24 Glen Ave
COOPERSTOWN, NY
Citizens Bank - Oneonta/Price Chopper
607-433-0713
1000 Main Street
Oneonta, NY
Delaware Abstract Corporation
(607)746-2280
122 Main Street
Delhi, NY
Barry Scott Insurance
(607)432-5763
34 Main Street
Oneonta, NY
Wilber National Bank - Area Offices- Delhi
(607)746-2162
Sherwood Road
DELHI, NY
National Bank of Delaware County - Main Office
(607)865-4126
133 Delaware Street
WALTON, 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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