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

HSBC Bank
1.800.975.HSBC (4722)
Oakdale Mall/Wegmans 200 Oakdale Mall
Johnson City, NY
Citizens Bank - Endicott
607-754-5021
18 Washington Avenue
Endicott, NY
Sherry L. Barton Agency
(607)722-6479
286 Conklin Ave
Binghamton, NY
Allstate Insurance Gary D Stoneberg
(607)766-2363
3209 Vestal Pkwy E-g
Vestal, NY
Homestead Funding Corp
(607) 238-1577
84 Court St
Binghamton, NY
HSBC Bank
1.800.975.HSBC (4722)
Across From Giant Market 282 Main St
Binghamton, NY
Citizens Bank - Vestal / East
607-723-5760
3212 Parkway E.
Vestal, NY
Perpetuities Title Corporation
(607)231-7688
25 Main Street
Binghamton, NY
M And T Bank Residential Mortgages Banking Departments M And T Mortgage Corpora
(607)786-4720
35 Washington Avenue
Endicott, NY
Cambridge Company
(607)748-3195
231 Main Street
VESTAL, 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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