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

Bank of America - Military Road
800.432.1000
164 Military Rd
Buffalo, NY
Community Bank Na North Collins Office
(716)337-3166
10490 Main
North Collins, NY
Wells Fargo Financial
(716)831-9014
3140 Sheridan Dr Ste 104
BUFFALO, NY
Citifinancial
(716)565-3640
5110 Main Street Suite 302
BUFFALO, NY
Syracuse Securities Inc
(716) 632-7674
8600 Main St Ste 2
Williamsville, NY
Citizens Bank - Broadway-Bailey Tops
716-897-1243
1770 Broadway
Buffalo, NY
Bank of America - Williamsville
800.432.1000
7864 Transit Rd
Williamsville, NY
Allstate Insurance Bryan J Ripellino
(716)675-8100
S3346 Southwestern Blvd
Orchard Park, NY
Online Mortgage Services Inc.
(716)332-0885
3625 California Rd
ORCHARD PARK, NY
Alexis Funding
(716)632-7674
8600 Main Street Suite 1
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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