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 - Transit Road-E. Amherst / Tops
716-625-9879
9660 Transit Rd
Amherst, NY
Walsh Duffield
(716)852-7430
801 Main St
Buffalo, NY
American General Financial Services
716-694-3008
Tonawanda, NY
Global Home Loans and Finance Inc
(716)332-3635
1560 Harlem Road
BUFFALO, NY
Citifinancial
(716)649-1116
141 Buffalo Street
HAMBURG, NY
HSBC Bank
1.800.975.HSBC (4722)
Mid-City Plaza 1035 Payne Ave
North Tonawanda, NY
Citizens Bank - George Urban Plaza
716-681-8902
2040 George Urban Blvd
Depew, NY
Four Corners Abstract
(716)856-0868
581 Ellicott Street
Buffalo, NY
Snyder Funding Inc
(716)839-9633
40 North Forest Road
BUFFALO, NY
Citifinancial
(716)656-0081
4779 Transit Road
DEPEW, 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 Lancaster 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...
- Safeguarding Against Foreclosure Lancaster NY
- Adjustable Rate Mortgage Lancaster NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Lancaster NY
- How to Understand a N.I.N.J.A. Mortgage Lancaster NY
- Hidden Costs of Foreclosures Lancaster NY
- Flexible Mortgage For Self Employed Lancaster NY
- About Buying a Foreclosure Property Lancaster NY
- Reverse Mortgage Lancaster NY