Green Mortgages Depew 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 Depew.

Local Companies

Citizens Bank - Tonawanda
716-693-2440
20 Main Street
Tonawanda, NY
Citizens Bank - Kenmore
716-874-7296
1698 Sheridan Drive
Kenmore, NY
Bank of America - Williamsville
800.432.1000
7864 Transit Rd
Williamsville, NY
American Home Funding Inc
(716)633-2906
115 Lawrence Bell Drive
Buffalo, NY
American Referral Services
(716)833-8237
217 Norwalk Avenue
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Union & French 2345 Union Rd
West Seneca, NY
Citizens Bank - West Seneca
716-824-1960
101 Slade Avenue
West Seneca, NY
Bank of America - Bailey Delavan
800.432.1000
1171 East Delavan Ave
Buffalo, NY
Bank of America - Payne Ave
800.432.1000
1012 Payne Ave
North Tonawanda, NY
Riedman Corp
(716)856-3450
10 Fountain Plz
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.

Click here to read full article from Builder Online

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