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 - Elmwood
716.881.2915
495 Elmwood Avenue
Buffalo, NY
Bank of America - Aurora Circle
800.432.1000
50 Grey St.
East Aurora, NY
Chicago Title Insurance
(716)854-2982
420 Main Street
Buffalo, NY
Four Corners Abstract
(716)856-0868
581 Ellicott Street
Buffalo, NY
M And T Bank
(716) 635-4077
1100 Wehrle Dr 2Nd Floor
Williamsville, NY
HSBC Bank
1.800.975.HSBC (4722)
Heart Of Op Village 4191 N Buffalo Rd
Orchard Park, NY
Citizens Bank - McKinley Pkwy / Tops
716-312-0538
4250 McKinley Pkwy
Hamburg, NY
Rapid Title Svcs Inc
(716)681-4855
5360 Genesee Street
Bowmansville, NY
Commonwealth Land Title Insurance Company
(716)853-6800
37 Franklin Street Suite 100
Buffalo, NY
Charter One Bank - Loan Information New Mortgages
(716)630-2100
115 Lawrence Bell Drive Suite 118
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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