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

Rome Savings Bank - Branch Ofc- West Branch
(315)334-1300
1300 Erie Boulevard West
ROME, NY
James P
(315)336-2810
8181 Turin Road
ROME, NY
First Source Federal Credit Union
(315)735-1030
1634 Genesee Street
UTICA, NY
Adirondack Bank
(315)736-6169
135 Oriskany Street West
UTICA, NY
Americu Credit Union
(315) 356-3000
1916 Black River Blvd N
Rome, NY
Bank of America - Liberty Plaza
800.432.1000
200 West Dominick St
Rome, NY
M & T Bank - M & T Mortgage Corporation- M & T Business Banking Center
(315)793-3500
2 Business Park Court
UTICA, NY
Homestead Funding Corporation
(315)724-9168
80 Genesee Street
NEW HARTFORD, NY
Citifinancial
(315)768-8141
4654 Commercial Drive
NEW HARTFORD, NY
Adirondack Mortgage Service
(315)733-1848
520 Seneca 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

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