Green Mortgages Webster 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 Webster.

Local Companies

Citizens Bank - Panorama Plaza
585-586-1231
715 Panorama Trail
Rochester, NY
Equtele Enterprises Inc
(585)428-9080
39 West Main Street
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Singer Real Estate
(585)271-7784
1039 Monroe Avenue
ROCHESTER, NY
Citibank (New York State)
(585)671-2473
1838 Empire Boulevard
WEBSTER, NY
HSBC Bank
1.800.975.HSBC (4722)
Between Wilkins & Bernard 762 Joseph Ave
Rochester, NY
Bank of America - Westview
800.432.1000
100 Pixley Rd
Rochester, NY
Public Abstract Corporation Default Services
(585)760-2020
31 East Main Street
Rochester, NY
American General Financial Services
585-865-1130
Rochester, NY
Citibank (New York State)
(585)544-0250
625 Titus Avenue
ROCHESTER, NY
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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