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
Community Bank Na Silver Creek Office
(716)934-2628
228 Central Avenue
Silver Creek, NY
Richmond Insurance Agency Inc.
(716)326-4344
27 E Main St
Westfield, NY
Farmers'' Production Credit Assoation
(716)753-2144
28 East Chautauqua Street
MAYVILLE, NY
Community Bank NA
(716)792-9132
19 East Main Street
BROCTON, NY
Community Bank N A Dunkirk Offices
(716)366-4223
345 Central Avenue
Dunkirk, NY
Public Abstract Corporation
(716)753-5000
53 South Erie Street
Mayville, NY
B And C Tax Bookkeeping Service
(716)326-3386
61 East Main Street
Westfield, NY
Franklin Note & Mortgage Co.
(716)934-3181
209 Central Ave
SILVER CREEK, NY
Community Bank NA - Silver Creek Office
(716)934-2628
228 Central Avenue
SILVER CREEK, 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 Dunkirk 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.
- Reverse Mortgage Dunkirk NY
- About Buying a Foreclosure Property Dunkirk NY
- How to Talk to Mortgage Lenders Dunkirk NY
- Adjustable Rate Mortgage Dunkirk NY
- Safeguarding Against Foreclosure Dunkirk NY
- Flexible Mortgage For Self Employed Dunkirk NY
- How to Understand a N.I.N.J.A. Mortgage Dunkirk NY
- Hidden Costs of Foreclosures Dunkirk NY