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

Chase Bank
(585) 275-4560
University Of Rochester
Rochester, NY
Citizens Bank - Panorama Plaza
585-586-1231
715 Panorama Trail
Rochester, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
Hampton Group LLC
(585)381-3500
11 State Street
PITTSFORD, NY
Adelphi Funding- Inc.
(585)436-2690
2300 Buffalo Rd Bldg 300
ROCHESTER, NY
Chase Bank
(585) 232-8016
520 Portland Ave
Rochester, NY
Citizens Bank - S. Clinton Ave/Tops
585-442-2090
1900 Clinton Avenue S.
Rochester, NY
Bank of America - Fairport
800.432.1000
58 S. Main St
Fairport, NY
First Rochester Mortgage Corp
(585) 427-9200
2024 W Henrietta Rd Bldg. 2A
Rochester, NY
First Horizon Home Loans
(585)232-9020
56 Windsor Street
ROCHESTER, NY
Data Provided by:
  

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

Related Articles
- Adjustable Rate Mortgage Webster NY
Adjustable rate mortgages (also known as ARMs) are one of the most common types of mortgages for homeowners. Adjustable rate mortgages have an adjusting interest rate that is tied to an established index. Your monthly payments will actually vary based upon several factors that are actually beyond your control. The decision between an adjustable rate mortgage and a fixed rate mortgage is a very important one depending upon your financial circumstances. The decision, like any major life decision, requires careful thought and consideration.
- Reverse Mortgage Webster NY
- Safeguarding Against Foreclosure Webster NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Webster NY
- How to Talk to Mortgage Lenders Webster NY
- Hidden Costs of Foreclosures Webster NY
- How to Understand a N.I.N.J.A. Mortgage Webster NY
- About Buying a Foreclosure Property Webster NY
- Flexible Mortgage For Self Employed Webster NY