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 - Springville / Tops
716-592-5167
184 S. Cascade Dr
Springville, NY
Citizens Bank - Depew/Tops
716-656-9625
4777 Transit Rd
Depew, NY
Online Mortgage Service Inc
(716)821-1591
3625 California Road
ORCHARD PARK, NY
Frontier Mortgage of New York
(716)835-9900
505 Grover Cleveland Highway
BUFFALO, NY
Cole Taylor Bank
(734) 926-2400
60 Main St Ste 100
Hamburg, NY
HSBC Bank
1.800.975.HSBC (4722)
Across From Airport Plaza 4237 Union Rd
Cheektowaga, NY
Citizens Bank - Transit / Losson
716-651-9072
4964 Transit Road
Depew, NY
Territory At Buffalo
(716)667-9660
4230 North Buffalo Road
Orchard Park, NY
Mainstream Funding Network Inc.
(716)565-1500
5586 Main Street
BUFFALO, NY
Brooks G F Associates
(716)648-3260
108 Main
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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