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

HSBC Bank
1.800.975.HSBC (4722)
Delaware & Warren 2853 Delaware Ave
Kenmore, NY
Bank of America - Buffalo
800.432.1000
420 Main St
Buffalo, NY
Sardinia And Associates Llc
(716)798-2660
36 Buffalo St
Hamburg, NY
Jamestown Savings Bank - Commercial Lending
(716)631-8767
4545 Transit Road
BUFFALO, NY
Advisor Mortgage Llc
(716)447-0676
15 La Salle Av
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Amherst & Tonawanda St 201 Amherst St
Buffalo, NY
HSBC Bank
1.800.975.HSBC (4722)
Bailey & Westminster Ave 3107 Bailey Ave
Buffalo, NY
Bank of America - South Park
800.432.1000
1989 South Park Ave
Buffalo, NY
Kusch Koehler
(716)877-2222
3491 Delaware Ave
Kenmore, NY
American Referral Services
(716)833-8237
217 Norwalk Avenue
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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