Green Mortgages Watertown 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 Watertown.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
Off Rt 11 Near Ft Drum 8489 South Main St
Evans Mills, NY
Community Bank Na Clayton Office
(315)686-5551
352 James Street
Clayton, NY
Timmerman Adams Insurance
(315)649-5255
Po Box 238
Chaumont, NY
Redwood Bank
(315)232-4517
10729 USRoute 11
ADAMS, NY
Community Bank NA - Watertown Offices
(315)788-4503
216 Washington Street Suite 1
WATERTOWN, NY
HSBC Bank
1.800.975.HSBC (4722)
Post Office 26 E Church St
Adams, NY
Community Bank Na Black River Office
(315)773-5686
28499 State Route 3
Black River, NY
North Country Cluster Inc
(315)686-5161
209 James St
Clayton, NY
Jefferson Abstract Corporation
(315)782-4203
125 Sherman Street
Watertown, NY
First Rochester Mortgage Corporation
(315)788-7813
19805 Orchard Drive
WATERTOWN, 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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