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 - Kenmore
716-874-7296
1698 Sheridan Drive
Kenmore, NY
Bank of America - Orchard Park
800.432.1000
6529 East Quaker St
Orchard Park, NY
Bank of America - Elma
800.432.1000
2341 Bowen Rd
Elma, NY
Evchich Dennis Agency Inc
(716)875-7576
826 Tonawanda
Buffalo, NY
L W Integrity Funding LLC
(716)873-3500
2211 Sheridan Dr
BUFFALO, NY
Citizens Bank - McKinley Pkwy / Tops
716-312-0538
4250 McKinley Pkwy
Hamburg, NY
Citizens Bank - Broadway-Bailey Tops
716-897-1243
1770 Broadway
Buffalo, NY
Bank of America - Harlem Rd
800.432.1000
3842 Harlem Road Suite 1500
Cheektowaga, NY
Clauss And Company Insurance
(716)886-6600
735 Delaware Ave
Buffalo, NY
Richard C Beggs Agency Inc
(716)625-4101
6506 Campbell Blvd
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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