Green Mortgages Jamestown 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 Jamestown.

Local Companies

Johnson C Kenneth Insurance
(716)763-9410
62 Chautauqua Avenue
Lakewood, NY
Farmers Production Credit Assoation
(716)753-2144
28 East Chautauqua Street
Mayville, NY
Northwest Savings Bank West Side Office
(814)726-1070
125 Ludlow Street
Warren, PA
Community Bank Na - Jamestown-Brooklyn Square Ofc
716-664-2014
Jamestown, NY
First Tier Bank & Trust
(716)763-2000
284 East Fairmount Avenue
LAKEWOOD, NY
Paul O. Stage Agency
(716)483-6336
850 Fairmount Ave
Jamestown, NY
Chautauqua Abstract Co Main Office
(716)753-2149
25 East Chautauqua Street
Mayville, NY
Northwest Savings Bank Warren Office
(814)723-9696
Liberty & Second Street
Warren, PA
Rem Abstract Services
(814)726-9750
311 Market Street
Warren, PA
Household Finance Corporation
(716)763-0731
279 East Fairmount Avenue
LAKEWOOD, 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

Related Articles
- How to Talk to Mortgage Lenders Jamestown NY
Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and burst was created by easy credit and aggressive home mortgage loan companies offering temporary low payments which go up, but you just want a home loan. Not surprisingly, therefore, choices for mortgage loans will be your main concern...
- How to Understand a N.I.N.J.A. Mortgage Jamestown NY
- Adjustable Rate Mortgage Jamestown NY
- Flexible Mortgage For Self Employed Jamestown NY
- Safeguarding Against Foreclosure Jamestown NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Jamestown NY
- Reverse Mortgage Jamestown NY
- About Buying a Foreclosure Property Jamestown NY
- Hidden Costs of Foreclosures Jamestown NY