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

L J Stein And Co
(716)763-7100
71 East Fairmount Avenue
Lakewood, NY
Twinstar Mortgage Inc
(716)763-1300
126 Chautauqua Avenue
LAKEWOOD, NY
Northwest Savings Bank - Warren Office
(814)723-9696
Liberty & Second Street
WARREN, PA
Keybank
(716)761-6201
125 West Main Street
SHERMAN, NY
Cattaraugus County Bank
(716)358-2606
42 Main Street
RANDOLPH, NY
Community Bank N A Falconer Office
(716)661-3115
1982 East Main Street
Falconer, NY
Nls Abstract Inc
(716)753-5134
80 South Erie Street
Mayville, NY
Olympia Funding Inc
(716)487-0051
111 W 2N St
JAMESTOWN, NY
Meridian Financial Corporation
(716)763-1388
318 East Fairmount Avenue
LAKEWOOD, NY
Jamestown Savings Bank - Branch Offices
(716)664-2265
210 West Main Street
FALCONER, 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.

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