Green Mortgages Hamburg 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 Hamburg.

Local Companies

Citizens Bank - Orchard Park Rd-W Seneca/Tops
716-823-5317
355 Orchard Park Rd
West Seneca, NY
Chicago Title Insurance
(716)854-2982
420 Main Street
Buffalo, NY
Jamestown Savings Bank Commercial Lending
(716)631-8767
4545 Transit Road
Buffalo, NY
Wells Fargo Financial
(716)831-9014
3140 Sheridan Dr Ste 104
BUFFALO, NY
M And T Bank
(716) 848-7035
1 Fountain Plz Fl 8
Buffalo, NY
HSBC Bank
1.800.975.HSBC (4722)
Main & Elm St 649 Main St
East Aurora, NY
Allstate Insurancejoseph S Krieger
(716)897-1109
1560 Harlem Rd Ste 2
Cheektowaga, NY
Clauss And Company Insurance
(716)886-6600
735 Delaware Ave
Buffalo, NY
M And W Agency Inc
(716)674-7274
938 Union Rd
West Seneca, NY
Citifinancial
(716)649-1116
141 Buffalo Street
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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