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

Citizens Bank - Empire Blvd
585-671-0200
1950 Empire Blvd
Webster, NY
Lucas And Dake Company Inc
(716)461-3960
1399 Monroe Ave
Rochester, NY
First Rochester Mortgage Corp
(585) 427-9200
2024 W Henrietta Rd Bldg. 2A
Rochester, NY
Mortgage Funding Professionals
(585)872-9550
1445 Plank Road
WEBSTER, NY
Affordable Home Funding
(585)223-0480
580 Perinton Hills Offic
FAIRPORT, NY
Citizens Bank - Penfield Road/Tops
585-383-1580
1601 Penfield Rd
Rochester, NY
Adelphi Funding Inc.
(585)436-2690
2300 Buffalo Rd Bldg 300
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Prime Mortgage Corporation
(585)383-8390
30 Grove Street
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