Green Mortgages Lancaster 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 Lancaster.

Local Companies

Citizens Bank - Lockport
716-439-6352
5793 S. Transit Street
Lockport, NY
Accu Data Search
(716)438-2575
175 Hawley
Lockport, NY
Associates Mortgage Company Of New York Inc West Seneca
(716)674-4948
1102 Union Road
West Seneca, NY
Community Advantage Mortgage Assistance Inc
(716)819-1081
1705 Hertel Avenue
BUFFALO, NY
Advisor Mortgage Llc
(716)447-0676
15 La Salle Av
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Main & Harris Hill 8503 Main Street
Williamsville, NY
Bank of America - East Aurora
800.432.1000
670 Main St
East Aurora, NY
Brown And Brown Inc
(716)626-1247
325 Essjay Rd
Williamsville, NY
American General Financial Services
716-694-3008
Tonawanda, NY
Citifinancial
(716)434-9181
5714 South Transit Road
LOCKPORT, 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