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

Citizens Bank - Unadilla
607-369-9300
191 Main Street
Unadilla, NY
Mang Cooperstown
(607)547-2575
133 Chestnut St
Cooperstown, 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
Leatherstocking Group Inc
(607)547-5007
21 Railroad Avenue
COOPERSTOWN, NY
Citizens Bank - Hartwick
607-293-6611
3092 County Highway 11
Hartwick, NY
Cooper Country Abstract Co Inc
(607)547-5730
196 Main Street
Cooperstown, NY
Fidelity Abstract Co
(607)431-1085
98 Main Street
Delhi, NY
Oneonta Abstract Corporation
(607)432-2210
111 Chestnut Street
Oneonta, NY
National Bank of Delaware County - Main Office
(607)865-4126
133 Delaware Street
WALTON, 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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