Green Mortgages Rome 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 Rome.

Local Companies

Bank of America - Whitestown
800.432.1000
34 Oriskany Boulevard
Whitesboro, NY
The Caldwell Agency Inc
(315)697-2087
Po Box 226
Canastota, NY
Central New York Abstract Corporation
(315)363-4560
Po Box 26
Wampsville, NY
New England Merchants Corp
(315)731-2040
215 Rutger
UTICA, NY
Adirondack Private Bank
(315)734-1442
185 Genesee Street
UTICA, NY
Bank of America - Genesee Street
800.432.1000
268 Genesee St
Utica, NY
Bank of America
800.432.1000
911 Cornelia St
Utica, NY
Thomas J. Darling Agency
(315)724-4540
2039 Genesee St
Utica, NY
Adirondack Bank
315-736-6169
Whitesboro, NY
J C Mortgage
(315)733-9733
224 Fayette Manlius
UTICA, NY

Provided By:


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