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

Split Rail Insurance Agency Inc
(315)495-2522
South Main
Munnsville, NY
James Lombardo And Assoc
(315)356-3300
1916 Black River Blvd N
Rome, NY
Homestead Funding Corporation
(315)724-9168
80 Genesee Street
NEW HARTFORD, NY
Citifinancial
(315)363-0310
1280 Upper Lenox Avenue
ONEIDA, NY
Syracuse Securities Inc
(315) 533-7160
7763 Turin Rd
Rome, NY
Citizens Bank - Whitesboro
315-736-0106
89 Oriskany Boulevard
Whitesboro, NY
Gilroy Kernan And Gilroy
(315)768-8888
Po Box 542
New Hartford, NY
New England Merchants Corp
(315)731-2040
215 Rutger
UTICA, NY
Countrywide Home Loans
(315)336-3070
7763 Turin Road
ROME, NY
Bank of Utica - Checking Account Statement Info
(315)797-2761
222 Genesee Street
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

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