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

Chase Bank
(315) 682-4170
329 Fayette St
Manlius, NY
Steve Donigan Agency
(315)428-8600
708 West Belden Avenue
Syracuse, NY
Wells Fargo Financial
(315)458-0074
628 S Main St Peters Shopping Cent
SYRACUSE, NY
Northgate Funding CO
(315)476-7017
S 109 Warren
SYRACUSE, NY
Bank Of America Na Charlotte
(315) 426-4268
One Clinton Square 4Th Floor
Syracuse, NY
Chase Bank
(315) 488-9255
3508 W Genesee St
Syracuse, NY
Satellite Agency Network
(315)697-9673
W Seneca Ave P.o. Box 387
Camillus, NY
M And R Mortgage Assistance
(315)477-1377
117 Herbst Av
Syracuse, NY
Solvay Bank
(315)484-2200
1537 Milton Avenue
SYRACUSE, NY
Home Funding Finders
(315)701-1390
443 North Franklin Street
SYRACUSE, 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.

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