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 - Orchard Park Rd-W Seneca/Tops
716-823-5317
355 Orchard Park Rd
West Seneca, NY
Allstate Insurance Thomas Finn
(716)873-5600
3493 Delaware Avenue
Buffalo, NY
J F S Abstract Co Llc
(716)854-5928
295 Main Street
Buffalo, NY
Riedman Corporation
(716)434-3535
76 West Ave
Lockport, NY
Syracuse Securities Inc
(716) 632-7674
8600 Main St Ste 2
Williamsville, NY
Citizens Bank - East Aurora
716-652-5010
212 Main Street
East Aurora, NY
Bank of America - Elma
800.432.1000
2341 Bowen Rd
Elma, NY
American Home Funding Inc
(716)633-2906
115 Lawrence Bell Drive
Buffalo, NY
Samuel P. Rich Jr. Agency
(716)837-6548
148 Curtis Pkwy
Buffalo, NY
Cornerstone Properties
(716)695-5577
1 Grove
TONAWANDA, 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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