Green Mortgages Fredonia 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 Fredonia.

Local Companies

Community Bank N A Dunkirk Offices
(716)366-4223
345 Central Avenue
Dunkirk, NY
Public Abstract Corporation
(716)753-5000
53 South Erie Street
Mayville, NY
Lake Shore Savings
(716)366-4070
128 East 4th Street
DUNKIRK, NY
Credit Union 4th Supervisory School District
(716)326-3858
19 East Main Street # 21
WESTFIELD, NY
Community Bank NA
(716)792-9132
19 East Main Street
BROCTON, NY
HSBC Bank
1.800.975.HSBC (4722)
City Hall Opposite Corner 401 Central Ave Po Box 31
Dunkirk, NY
Chautauqua Abstract Co Main Office
(716)753-2149
25 East Chautauqua Street
Mayville, NY
Northwest Finance Company
(716)679-0045
25 West Main Street
FREDONIA, NY
Jamestown Savings Bank
(716)753-2250
29 South Erie Street
MAYVILLE, NY
Community Bank NA - Fredonia Dunkirk Office
(716)672-2144
3909 Vineyard Drive
DUNKIRK, 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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