Green Mortgages Pittsford 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 Pittsford.

Local Companies

Citizens Bank - Buffalo Rd/Tops
585-247-5670
2345 Buffalo Rd
Rochester, NY
Hampton Group LLC
(585)381-3500
11 State Street
PITTSFORD, NY
Clearway Mortgage
(585)586-8780
2511 Browncroft Boulevard
ROCHESTER, NY
Home Town Funding Inc
(585) 385-2370
63 Monroe Ave Ste A
Pittsford, NY
Bank Of America Na Charlotte
(585) 486-8113
20 Wildbriar Rd Ste A
Rochester, NY
Citizens Bank - Chili Center
585-247-0900
800 Paul Road
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Commission Express
(585)271-7788
1039 Monroe Avenue
ROCHESTER, NY
Avco Instlmnt Sales of N Y
(585)865-0850
2883 Dewey Avenue
ROCHESTER, NY
Esl Federal Credit Union
(585) 336-1122
225 Chestnut St
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