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 - East Amherst
716-568-0100
6545 Transit Road
E. Amherst, NY
Scott Danahy Naylon
(716)634-2100
300 Spindrift Dr
Amherst, NY
Allstate Insurance Bryan J Ripellino
(716)565-0100
442 Evans Rd
Williamsville, NY
Mainstream Funding Network Inc.
(716)565-1500
5586 Main Street
BUFFALO, NY
First Niagara Bank Na
(716) 932-3507
6950 S Transit Rd
Lockport, NY
HSBC Bank
1.800.975.HSBC (4722)
Across From Airport Plaza 4237 Union Rd
Cheektowaga, NY
Citizens Bank - Broadway-Bailey Tops
716-897-1243
1770 Broadway
Buffalo, NY
Consolidated Ins Agents
(716)633-1818
36 Hopkins Rd
Buffalo, NY
Credit Correct Online
716-362-0391
Lackawanna, NY
American Referral Services
(716)833-8237
217 Norwalk Avenue
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

Related Articles
- How to Avoid Foreclosure by Knowing Your Mortgage Type Depew NY
Losing home in a foreclosure process is a miserable thing. And the reason behind foreclosure is that people stop making their mortgage payments. Ofen, you can avoid this unfortunate financial condition by reading the mortgage documents carefully, before signing on the dotted lines. Be sure to hire an attorney to help you understand what you are getting into.
- Adjustable Rate Mortgage Depew NY
- Hidden Costs of Foreclosures Depew NY
- About Buying a Foreclosure Property Depew NY
- Reverse Mortgage Depew NY
- Flexible Mortgage For Self Employed Depew NY
- How to Understand a N.I.N.J.A. Mortgage Depew NY
- Safeguarding Against Foreclosure Depew NY
- How to Talk to Mortgage Lenders Depew NY