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 - Cicero
800.432.1000
5834 E. Circle Drive
Cicero, NY
Liverpool Associates Insurance Agency
(315)422-1777
2036 South Salina Street
Syracuse, NY
Northgate Funding CO
(315)476-7017
S 109 Warren
SYRACUSE, NY
GMAC Mortgage Corporation
(315)622-1900
8134 Oswego Road
LIVERPOOL, NY
Sefcu Services Llc
(315) 701-1390
200 Salina Meadows Pkwy
Syracuse, NY
Citizens Bank - Shop City Plaza
315-463-9245
190 Swansea Dr
Syracuse, NY
Christopher M. Hurley Agency
(315)488-8907
404 Chapel Dr
Syracuse, NY
Wells Fargo Financial
(315)458-0074
628 S Main St Peters Shopping Cent
SYRACUSE, NY
J D A Funding Corporation
(315)437-4024
2827 James Street Suite 210
SYRACUSE, NY
CFO Capital Partners
315.633.9653
437 FoxTract Rd
BRIDGEPORT, 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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