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

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
Niagara Square Abstract Co
(716)852-4077
69 Delaware Avenue Rm 100
Buffalo, NY
Michael B. Waite Agency
(716)731-4230
5839 Buffalo St
Sanborn, NY
M And T Bank
(716) 635-4077
1100 Wehrle Dr 2Nd Floor
Williamsville, NY
HSBC Bank
1.800.975.HSBC (4722)
Amherst & Tonawanda St 201 Amherst St
Buffalo, NY
HSBC Bank
1.800.975.HSBC (4722)
Kaufmans Bakery 2635 Main St
Buffalo, NY
Bank of America - Lancaster - Depew
800.432.1000
5091 Broadway
Depew, NY
Ticor Title Insurance Co
(716)478-0347
175 Hawley Street
Lockport, NY
M And T Bank
(716) 848-7035
1 Fountain Plz Fl 8
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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