Green Mortgages Lockport 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 Lockport.

Local Companies

Citizens Bank - Mid City Plaza / Tops
716-692-4397
301 Meadow Dr
N Tonawanda, NY
Samuel P. Rich Jr. Agency
(716)837-6548
148 Curtis Pkwy
Buffalo, NY
M & M Resources Unlimited
(716)873-5500
30 Military Road
BUFFALO, NY
Frontier Mortgage of New York
(716)835-9900
505 Grover Cleveland Highway
BUFFALO, NY
Associates Mortgage Company of New York Inc - Tonawanda
(716)447-1678
2167 Sheridan Drive
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Transit Rd Near Casey Rd 6525 Transit Rd
East Amherst, NY
Bank of America - Summit Park
800.432.1000
6947 Williams Rd
Niagara Falls, NY
Allstate Insurance Bob White
(716)631-0030
1325 Millersport Hwy
Williamsville, NY
Funding Made Easy- Inc.
(716)438-2692
6823 Erica Lane
LOCKPORT, NY
Charter One Bank - Loan Information New Mortgages
(716)630-2100
115 Lawrence Bell Drive Suite 118
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.

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