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

HSBC Bank
1.800.975.HSBC (4722)
Our Lady Victory Basilica 703 Ridge Rd
Lackawanna, NY
Citizens Bank - Grey Street / Tops
716-655-1468
65 Grey St
East Aurora, NY
Charter One Bank Loan Information New Mortgages
(716)630-2100
115 Lawrence Bell Drive Suite 118
Buffalo, NY
Jeremiah J. Sheehy Jr. Agency
(716)648-1956
6137 S Park Ave
Hamburg, NY
Cole Taylor Bank
(734) 926-2400
60 Main St Ste 100
Hamburg, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner-Grant & West Ferry 306 W Ferry St
Buffalo, NY
HSBC Bank
1.800.975.HSBC (4722)
Lovejoy & Ideal- Iron Isl 1107 Lovejoy
Buffalo, NY
Bank of America - Buffalo
800.432.1000
2221 Seneca St
Buffalo, NY
M And T Bank M And T Mortgage Corporation Rates And Application
(716)848-4848
4564 Main Street
Buffalo, NY
Robar General Funding Corporation
(716)648-2950
6308 Boston State Road
HAMBURG, 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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