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

Citizens Bank - Franklin Street NY
585-258-3105
40 Franklin Street
Rochester, NY
Ontario National Bank Clifton Springs Office
(315)462-2511
26 East Main Street
Clifton Springs, NY
Webtitle 2000
(585)454-4770
2024 West Henrietta Road
Rochester, NY
Devere Capitol
(585)248-3400
11 State Street
PITTSFORD, NY
Fairport Savings Bank
(585) 223-7043
45 S Main St
Fairport, NY
HSBC Bank
1.800.975.HSBC (4722)
Marketplace Mall 3740 West Henrietta Rd
Rochester, NY
Bank of America - Rochester
800.432.1000
1394 Norton St
Rochester, NY
Territory Inc Mainline
(585)223-7777
7374 Pittsford Palmyra Road
Fairport, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Citibank (New York State)
(585)544-0250
625 Titus Avenue
ROCHESTER, 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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