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

Chase Bank
(585) 242-7833
560 Monroe Ave
Rochester, NY
Bank of America - Penn Fair
800-432-1000
2200 Penfield Rd
Penfield, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Territory Mortgage Inc.
(585)869-0222
7635 S. Main Street P.o. Box 753
VICTOR, NY
Prospect Mortgage Llc
(585) 419-4103
80 Office Park Way
Pittsford, NY
Chase Bank
(585) 427-7877
1575 E Henrietta Rd
Henrietta, NY
Bank of America - Fairport
800.432.1000
58 S. Main St
Fairport, NY
National Bank Of Geneva Honeoye Falls
(585)624-5940
166 West Main Street
Honeoye Falls, NY
Uniited Auto Credit Corporation
(585)586-4112
1175 Pittsford Victor Road
PITTSFORD, NY
Liberty Home Funding
(585)389-4110
24 Grove Street
PITTSFORD, 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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