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) 288-8850
245 Merchants Rd
Rochester, NY
Citizens Bank - Eastview Mall
585-223-0110
5 Eastview Mall
Victor, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
The Lyons National Bank - Ontario OFC
(315)524-9661
6254 Furnace Road
ONTARIO, NY
Affordable Home Funding
(585)223-0480
580 Perinton Hills Offic
FAIRPORT, NY
HSBC Bank
1.800.975.HSBC (4722)
Next To Wegmans 3636 Dewey Ave
Rochester, NY
Chase Bank
(585) 223-6970
609 Mosely Rd
Fairport, NY
Lucas And Dake Company Inc
(716)461-3960
1399 Monroe Ave
Rochester, NY
Devere Capital Corporation
585-263-3370
Rochester, NY
National Bank of Geneva - Mortgage- Loans- Main Office- Visa
(315)789-2300
3 West Main Street
VICTOR, 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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