Green Mortgages East Aurora 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 Aurora.

Local Companies

Bank of America - Buffalo
800.432.1000
420 Main St
Buffalo, NY
Bank of America - Elma
800.432.1000
2341 Bowen Rd
Elma, NY
Clauss And Company Insurance
(716)886-6600
735 Delaware Ave
Buffalo, NY
Wells Fargo Financial
(716)831-9014
3140 Sheridan Dr Ste 104
BUFFALO, NY
Fleet Mortgage
(716)847-4151
10 Fountain Plz
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Next To Wilson Farms 4939 Lake Shore Rd.
Hamburg, NY
Bank of America - Hamburg
800.432.1000
43 Main St
Hamburg, NY
Bank of America - Aurora Circle
800.432.1000
50 Grey St.
East Aurora, NY
Jerome Walters Agency
(716)833-8500
3871 Harlem Rd
Buffalo, NY
Mainstream Funding Network Inc.
(716)565-1500
5586 Main Street
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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