Green Mortgages Vestal 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 Vestal.

Local Companies

Perpetuities Title Corporation
(607)231-7688
25 Main Street
Binghamton, NY
NBT Bank - for Customer Service & Account Information- Offices
(607)642-3550
2 North Main Street
NEWARK VALLEY, NY
Farrell Realty USA Com
(607)754-4040
3660 George F Highway
ENDICOTT, NY
Citifinancial
(607)797-9523
365 Harry L Drive Suite 7
JOHNSON CITY, NY
Visions Federal Credit Union
(607) 786-2000
24 Mckinley Ave
Endicott, NY
Citizens Bank - Vestal / East
607-723-5760
3212 Parkway E.
Vestal, NY
Robar General Funding
(607)779-1180
19 Chenango
BINGHAMTON, NY
IPI Skyscrpaer Mortgage
(607)231-5626
19 Chenango Street Suite 806
BINGHAMTON, NY
Commonfund Mortgage Corporation
(607)798-0900
3439 Vestal Parkway East
VESTAL, NY
American General Financial Services
(607)724-2441
1332 Upper Front Street
BINGHAMTON, 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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