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

HSBC Bank
1.800.975.HSBC (4722)
Delaware & Sheridan 1690 Sheridan Dr
Kenmore, NY
Bank of America - Main & Fillmore
800.432.1000
2389 Fillmore Avenue
Buffalo, NY
Americas Choice0 Percent Commission Real Estate
(716)691-0596
636 North French Road Suite 10
Buffalo, NY
Ati Title Network Of Buffalo
(716)439-4230
76 West Avenue
Lockport, NY
Money Place
(716)284-8979
661 Main Street
NIAGARA FALLS, 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
Huntmustard Agency Inc
(716)759-8123
9545 Main St
Clarence, NY
Jamestown Savings Bank Commercial Lending
(716)631-8767
4545 Transit Road
Buffalo, NY
Cal Western Reconveyance
585-798-5993
Medina, 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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