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 - New Hartford
800.432.1000
50 Genesee St
New Hartford, NY
Rome Savings Bank Main Office
(315)336-7300
100 West Dominick Street
Rome, NY
James P
(315)336-2810
8181 Turin Road
ROME, NY
Countrywide Home Loans
(315)336-3070
7763 Turin Road
ROME, NY
Homestead Funding Corp
(315) 724-9168
80 Genesee St
New Hartford, NY
Chase Bank
(315) 363-5000
150 Main St
Oneida, NY
Bank of America - Utica Business Park
800.432.1000
133 Business Park Drive
Utica, NY
New England Merchants Corp
(315)731-2040
215 Rutger
UTICA, NY
J C Mortgage
(315)733-9733
224 Fayette Manlius
UTICA, NY
Adirondack Bank
(315)942-3111
2817 Genesee St
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

Related Articles
- About Buying a Foreclosure Property Rome NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- Hidden Costs of Foreclosures Rome NY
- Reverse Mortgage Rome NY
- How to Talk to Mortgage Lenders Rome NY
- Adjustable Rate Mortgage Rome NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Rome NY
- Safeguarding Against Foreclosure Rome NY
- How to Understand a N.I.N.J.A. Mortgage Rome NY
- Flexible Mortgage For Self Employed Rome NY