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

Chase Bank
(585) 427-7877
1575 E Henrietta Rd
Henrietta, NY
Allstate Insurance Charles D Lovall
(585)227-2873
2080 Ridge Rd W
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Novastar Home Mortgage
(585)935-7500
1260 Scottsville Road
ROCHESTER, NY
Commission Express
(585)271-7788
1039 Monroe Avenue
ROCHESTER, NY
HSBC Bank
1.800.975.HSBC (4722)
Museum & Science Center 1185 University Ave
Rochester, NY
Bank of America - Leroy
800.432.1000
20 Main St
Le Roy, NY
Webtitle 2000
(585)454-4770
2024 West Henrietta Road
Rochester, NY
Wells Fargo Home Mortgage Inc
(585)334-6660
300 Red Creek Drive
ROCHESTER, NY
Enterprise Mortgage Solutions Inc
(585)889-1660
849 Paul Road
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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