Green Mortgages Rochester 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 Rochester.

Local Companies

Chase Bank
(585) 872-5630
920 Holt Rd
Webster, NY
Citizens Bank - S. Clinton Ave/Tops
585-442-2090
1900 Clinton Avenue S.
Rochester, NY
The Cray Agency
(716)383-8420
1040 University Ave
Rochester, NY
Territory Mortgage Inc
(585)247-4610
2765 Buffalo Road
ROCHESTER, NY
Prime Mortgage Corporation
(585)383-8390
30 Grove Street
PITTSFORD, NY
HSBC Bank
1.800.975.HSBC (4722)
Behind Fire Hall 68 Genesee St
Avon, NY
Chase Bank
(585) 436-7021
36 Genesee St
Rochester, NY
Public Abstract Corp
(585)232-3680
307 North Tioga
Ithaca, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Territory Inc
(585)223-6060
7374 Pittsford Palmyra Road
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