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

Bank of America - Elmwood
716.881.2915
495 Elmwood Avenue
Buffalo, NY
Bank of America - Lancaster - Depew
800.432.1000
5091 Broadway
Depew, NY
Triumph Funding Corp
(716)626-3303
8201 Main
BUFFALO, NY
American Referral Services
(716)833-8237
217 Norwalk Avenue
BUFFALO, NY
Syracuse Securities Inc
(716) 632-7674
8600 Main St Ste 2
Williamsville, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Delaware & Mohawk 135 Delaware Ave
Buffalo, NY
Bank of America - Dick Urban
800.432.1000
600 Dick Rd
Depew, NY
M And M Resources Unlimited
(716)873-5500
30 Military Road
Buffalo, NY
Funding Made Easy- Inc.
(716)438-2692
6823 Erica Lane
LOCKPORT, NY
1St Priority Mortgage Inc.
(716) 651-5626
6000 Sheridan Dr
Buffalo, 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