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

Jamestown Savings Bank Corporate Offices
(716)487-2265
7 West 3rd Street
Jamestown, NY
Johanson Agency Inc The
(716)664-7474
513 West Fifth Street
Jamestown, NY
Community Bank Na - Jamestown-Brooklyn Square Ofc
716-664-2014
Jamestown, NY
Jamestown Savings Bank - Branch Offices
(716)763-2265
311 East Fairmount Avenue
LAKEWOOD, NY
Community Bank NA - Jamestown Office
(716)661-3844
1281 North Main Street
JAMESTOWN, NY
Citizens Bank - Jamestown/Tops
716-484-2100
2000 Washington Street
Jamestown, NY
Jamestown Savings Bank Credit Offices
(716)488-1265
7 West 3rd Street
Jamestown, NY
Northwest Savings Bank Warren Office
(814)723-9696
Liberty & Second Street
Warren, PA
Twinstar Mortgage Inc
(716)763-1300
126 Chautauqua Avenue
LAKEWOOD, NY
First Tier Bank & Trust
(716)763-2000
284 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

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