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

Citizens Bank - Young St-Tonawanda / Tops
716-693-7285
890 Young St
Tonawanda, NY
True Remodeling
(716)882-1139
25 Perkins Place
Buffalo, NY
Riedman Corp
(716)856-3450
10 Fountain Plz
Buffalo, NY
Territory Mortgage
(716)832-7836
124 Crosby Blvd
BUFFALO, NY
Charter One Bank - Loan Information New Mortgages
(716)630-2100
115 Lawrence Bell Drive Suite 118
BUFFALO, NY
Citizens Bank - George Urban Plaza
716-681-8902
2040 George Urban Blvd
Depew, NY
Citizens Bank - Broadway-Bailey Tops
716-897-1243
1770 Broadway
Buffalo, NY
Lmh Services
(716)892-6925
P.o. Box 991 Central Park Plaza
Buffalo, NY
The Closing Advantage Inc
(716)626-1221
8616 Main St Suite 1
Williamsville, NY
Multi Source Funding
(716)633-6050
247 Cayuga Rd
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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