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

HSBC Bank
1.800.975.HSBC (4722)
Delaware & Warren 2853 Delaware Ave
Kenmore, NY
Gmac Mortgage Corporation
(716)633-9377
6255 Sheridan Dr
Buffalo, NY
Niagara National Inc
(716)684-6000
2875 Union Rd Apple Tree Business Park
Buffalo, NY
Independent Funding Service Inc
(716)854-1780
3854 North Buffalo Street
ORCHARD PARK, NY
Approved Mortgage Funding Corporation
(716)691-4960
636 North French Road Suite 9
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner-Grant & West Ferry 306 W Ferry St
Buffalo, NY
Bank of America - Bailey Delavan
800.432.1000
1171 East Delavan Ave
Buffalo, NY
Jamestown Savings Bank Commercial Lending
(716)631-8767
4545 Transit Road
Buffalo, NY
Territory At Buffalo
(716)667-9660
4230 North Buffalo Road
Orchard Park, NY
Citifinancial
(716)649-1116
141 Buffalo Street
HAMBURG, 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

Related Articles
- About Buying a Foreclosure Property Buffalo NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- Safeguarding Against Foreclosure Buffalo NY
- Adjustable Rate Mortgage Buffalo NY
- Flexible Mortgage For Self Employed Buffalo NY
- How to Understand a N.I.N.J.A. Mortgage Buffalo NY
- Reverse Mortgage Buffalo NY
- Hidden Costs of Foreclosures Buffalo NY
- How to Talk to Mortgage Lenders Buffalo NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Buffalo NY