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 - Georgetown Square
716-633-0681
5225 Sheridan Drive
Williamsville, NY
Bewley Seekins Smith Inc
(716)433-5981
337 Bewley Bldg
Lockport, NY
American General Financial Services
716-694-3008
Tonawanda, NY
Cornerstone Properties
(716)695-5577
1 Grove
TONAWANDA, NY
American Equity Services Inc
(716)626-0083
300 Cayuga Road
BUFFALO, NY
Citizens Bank - Portage Road/Tops
716-282-4700
1000 Portage Rd
Niagara Falls, NY
Bank of America - Bailey Delavan
800.432.1000
1171 East Delavan Ave
Buffalo, NY
Robert Muffler Nationwide Insurance
(716)433-0097
5833 So Transit Rd
Lockport, NY
Robar General Funding Corporation
(716)648-2950
6308 Boston State Road
HAMBURG, NY
Citifinancial
(716)434-9181
5714 South Transit Road
LOCKPORT, 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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