Green Mortgages Spencerport 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 Spencerport.

Local Companies

Citizens Bank - Empire Blvd
585-671-0200
1950 Empire Blvd
Webster, NY
Bank of America - Ridge Rd West
800.432.1000
2450 Ridge Rd West
Rochester, NY
First Choice Funding Westside
(585)865-0615
34 Buckman Road
Rochester, NY
Webtitle 2000
(585)454-4770
2024 West Henrietta Road
Rochester, NY
Nothnagle Home Securities Corp
(585) 461-4110
217 W Main St Ste 200
Rochester, NY
HSBC Bank
1.800.975.HSBC (4722)
Ridgemont Plaza 2791 Ridge Rd West
Rochester, NY
Bank of America - Churchville
800.432.1000
38 S. Main St
Churchville, NY
Bank of America - Penn Fair
800-432-1000
2200 Penfield Rd
Penfield, NY
Thomas J. Antinora Jr. Agency
(585)723-8770
2230 Ridge Rd W
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, 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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