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 - Transit Road-E. Amherst / Tops
716-625-9879
9660 Transit Rd
Amherst, NY
Cesar Insurance Agencies/
(718)893-6341
2959 Genesee St
Cheektowaga, NY
Robar General Funding Corporation
(716)648-2950
6308 Boston State Road
HAMBURG, NY
American Equity Services Inc
(716)626-0083
300 Cayuga Road
BUFFALO, NY
Metlife Bank, National Association
(716) 630-1700
6500 Sheridan Dr Ste 300
Williamsville, NY
Citizens Bank - Portage Road/Tops
716-282-4700
1000 Portage Rd
Niagara Falls, NY
Citizens Bank - Niagara Street / Tops
716-693-2658
150 Niagara St
Tonawanda, NY
Territory Mortgage
(716)832-7836
124 Crosby Blvd
BUFFALO, NY
America''s Choice-0 Percent Commission Real Estate
(716)691-0596
636 North French Road Suite 10
BUFFALO, NY
Cole Taylor Bank
(734) 926-2400
60 Main St Ste 100
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
- Adjustable Rate Mortgage Buffalo 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.
- How to Talk to Mortgage Lenders Buffalo NY
- Safeguarding Against Foreclosure Buffalo NY
- Hidden Costs of Foreclosures Buffalo NY
- Reverse Mortgage Buffalo NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Buffalo NY
- How to Understand a N.I.N.J.A. Mortgage Buffalo NY
- Flexible Mortgage For Self Employed Buffalo NY
- About Buying a Foreclosure Property Buffalo NY