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

Bank of America - Westgate
800.432.1000
1685 Howard Road
Rochester, NY
H And R Block Mortgage Incorporatd
(585)292-0410
1000 Hylan Drive
Rochester, NY
Devere Capital Corporation
585-263-3370
Rochester, NY
Fleet Bank
(800)841-4000
9 N Main St
PITTSFORD, NY
Rochester Home Equity Inc
(585) 263-4353
180 Office Park Way Ste 2000
Pittsford, NY
HSBC Bank
1.800.975.HSBC (4722)
Just West Of 390 2362 Lyell Ave
Rochester, NY
National Bank Of Geneva Canandaigua
(585)396-1000
2425 Rochester Road
Canandaigua, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
M & T Bank - M & T Mortgage Corp- Banking Departments- M & T Mortgage Corpora
(585)258-8355
255 East Avenue Bsmt
ROCHESTER, NY
Fairport Savings Bank - Mortgage Line
(585)223-7043
45 South Main Street
FAIRPORT, 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