Green Mortgages Buffalo 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 Buffalo.

Local Companies

Citizens Bank - Portage Road/Tops
716-282-4700
1000 Portage Rd
Niagara Falls, NY
Musarra Management And Investment
(716)856-1617
107 Delaware Avenue Suite 1718
Buffalo, NY
WNY Mortgage Assistance COR
(716)685-0511
2470 Walden Avenue
BUFFALO, NY
Frontier Mortgage of New York
(716)835-9900
505 Grover Cleveland Highway
BUFFALO, NY
Alden State Bank
(716)685-5090
5802 Broadway Street
LANCASTER, NY
HSBC Bank
1.800.975.HSBC (4722)
Hsbc Mortgage Company 2911 Walden Ave
Depew, NY
Bank of America - Third St
800.432.1000
418 Third St
Niagara Falls, NY
Robert Muffler Nationwide Insurance
(716)433-0097
5833 So Transit Rd
Lockport, NY
M & M Resources Unlimited
(716)873-5500
30 Military Road
BUFFALO, NY
Countrywide Home Loans
(716)634-6233
5457 Sheridan Drive
BUFFALO, 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.

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