Green Mortgages East Amherst 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 East Amherst.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
Home Depot Plaza 5740 S Transit Rd
Lockport, NY
Bank of America - Lancaster - Depew
800.432.1000
5091 Broadway
Depew, NY
Walsh Duffield
(716)852-7430
801 Main St
Buffalo, NY
Ati Title Network Of Buffalo
(716)439-4230
76 West Avenue
Lockport, NY
Jamestown Savings Bank - Commercial Lending
(716)631-8767
4545 Transit Road
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
N. French & Sweethome Rd 665 North French
Amherst, NY
Citizens Bank - Mid City Plaza / Tops
716-692-4397
301 Meadow Dr
N Tonawanda, NY
Bank of America - Williamsville
800.432.1000
7864 Transit Rd
Williamsville, NY
Associates Mortgage Company Of New York Inc Tonawanda
(716)447-1678
2167 Sheridan Drive
Buffalo, NY
Triumph Funding Corp
(716)626-3303
8201 Main
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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