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

Farmers Production Credit Assoation
(716)753-2144
28 East Chautauqua Street
Mayville, NY
M And W Agency Inc
(716)988-3246
213 Pine Street
South Dayton, NY
Lake Shore Savings
(716)326-4414
106 East Main Street
WESTFIELD, NY
Community Bank NA - Gowanda Office
(716)532-3363
37 West Main Street
GOWANDA, NY
Comercial Credit Plan Inc of Georgetown
(716)679-0235
25 West Main Street
FREDONIA, NY
Johnson Mackowiak Moore And Myott Llp
(716)672-4770
70 East Main Street
Fredonia, NY
Network Title Agency Of Ny
(716)269-7676
1 North Erie Street
Mayville, NY
Northwest Finance Company
(716)679-0045
25 West Main Street
FREDONIA, NY
Franklin Note & Mortgage Co.
(716)934-3181
209 Central Ave
SILVER CREEK, NY
Community Bank N A - Dunkirk Offices
(716)366-4223
345 Central Avenue
DUNKIRK, 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
- Safeguarding Against Foreclosure Dunkirk NY
A budget creates a structure that prioritizes your monthly income so that you spend your money on what is most important. It protects you from frittering away your cash on whims and ending up short on the items that are critical, like your monthly mortgage payment.
- About Buying a Foreclosure Property Dunkirk NY
- Adjustable Rate Mortgage Dunkirk NY
- How to Understand a N.I.N.J.A. Mortgage Dunkirk NY
- How to Talk to Mortgage Lenders Dunkirk NY
- Hidden Costs of Foreclosures Dunkirk NY
- Reverse Mortgage Dunkirk NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Dunkirk NY
- Flexible Mortgage For Self Employed Dunkirk NY