Green Mortgages Dunkirk 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 Dunkirk.

Local Companies

Community Bank Na Gowanda Office
(716)532-3363
37 West Main Street
Gowanda, NY
Network Title Agency Of Ny
(716)269-7676
1 North Erie Street
Mayville, NY
Cooke John A Cpa
(716)326-7800
105 East Main Street
Westfield, NY
Jamestown Savings Bank
(716)753-2250
29 South Erie Street
MAYVILLE, NY
Community Bank N A - Dunkirk Offices
(716)366-4223
345 Central Avenue
DUNKIRK, NY
Kukuda John C Insurance Agency
(716)363-7620
1170 Central Ave/
Dunkirk, NY
Farmers Production Credit Assoation
(716)753-2144
28 East Chautauqua Street
Mayville, NY
Community Bank Na Silver Creek Office
(716)934-2628
228 Central Avenue
Silver Creek, NY
Twinstar Mortgage Inc
(716)672-8702
84 East Main Street
FREDONIA, NY
Community Bank NA - Gowanda Office
(716)532-3363
37 West Main Street
GOWANDA, 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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