Green Mortgages Penfield 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 Penfield.

Local Companies

Chase Bank
(585) 544-0020
674 Titus Ave
Irondequoit, NY
Allstate Insurance Alan Czaplicki
(585)223-3700
12 Courtney Drive Unit #e
Fairport, NY
Fazio Agency Inc
(716)292-5660
3700 East Avenue 3385 Brighton-henrietta
Rochester, NY
Prince Realty
(585)271-2400
460 East Avenue
ROCHESTER, NY
Adelphi Funding- Inc.
(585)436-2690
2300 Buffalo Rd Bldg 300
ROCHESTER, NY
Chase Bank
(585) 723-6092
358 Greece Ridge Center Dr
Rochester, NY
Bank of America - Fairport
800.432.1000
58 S. Main St
Fairport, NY
Allstate Insuranceshelter Rock Associates Llc
(585)279-3000
254-33 Horace Harding Blvd.
Little Neck, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Cambridge CO
(585)381-3320
1825 Penfield Road
PENFIELD, 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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