Green Mortgages Oswego 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 Oswego.

Local Companies

Bank of America - Central Square
800.432.1000
3235 Fulton St
Central Square, NY
Robert J. Collins Agency
(315)668-2224
3085 East Ave
Central Square, NY
Oswego County Savings Bank Oswego Office
(315)343-4100
44 East Bridge Street
Oswego, NY
Fulton Savings Bank - Hannibal Village Plaza- Fulton Offices- Loan Rep Of
(315)343-1230
102 West Utica Street
OSWEGO, NY
Fulton Savings Bank
(315) 592-4201
75 S 1St St
Fulton, NY
Chase Bank
(315) 343-9650
204 W First St
Oswego, NY
All Seasons Abstract
(315)676-7385
118 Thelma Road
Central Square, NY
Hosler Agency Inc
(315)592-5756
211 S 1st St
Fulton, NY
Public Abstract Corporation
(315)343-7068
94 East Bridge Street
Oswego, NY
Community Bank NA
(315)564-5118
343 State Route 34
HANNIBAL, 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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