Green Mortgages Syracuse 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 Syracuse.

Local Companies

Bank of America - Manlius
315.682.8991
343 Fayette St
Manlius, NY
Salanger And Hayward Agency Inc
(315)463-9225
3700 James Street
Syracuse, NY
U C S Closing Services Inc
(315)445-4906
6565 Kinne Rd
Syracuse, NY
Liverpool Associates Insurance Agency
(315)422-1777
2036 South Salina Street
Syracuse, NY
Syracuse Securities Inc
(315) 424-0218
1010 James St
Syracuse, NY
HSBC Bank
1.800.975.HSBC (4722)
Syracuse University 1004 E Adams St.
Syracuse, NY
Citizens Bank - Clay Shopping Center/Price Cho
315-652-2136
3863 State Route 31
Liverpool, NY
Steve Donigan Agency
(315)428-8600
708 West Belden Avenue
Syracuse, NY
A Powerhouse Mortgage And Funding Co
(315)396-1051
427 James Street
Syracuse, NY
American General Financial Services
(315)622-2220
8395 Oswego Road Suite H
BALDWINSVILLE, 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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