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)
In Rite Aid Plaza 721 Center St
Lewiston, NY
HSBC Bank
1.800.975.HSBC (4722)
Main & Harlem 4467 Main St
Snyder, NY
Charter One Bank Loan Information New Mortgages
(716)630-2100
115 Lawrence Bell Drive Suite 118
Buffalo, NY
Richard C Beggs Agency Inc
(716)625-4101
6506 Campbell Blvd
Lockport, NY
Cross State Funding Corporation
(716)691-7000
455 Commerce Drive
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Elmwood & Utica 529 Elmwood Ave
Buffalo, NY
HSBC Bank
1.800.975.HSBC (4722)
Delaware & Sheridan 1690 Sheridan Dr
Kenmore, NY
Citizens Bank - Portage Road/Tops
716-282-4700
1000 Portage Rd
Niagara Falls, NY
Niagara Square Abstract Company
(716)625-8960
129 Hawley Street
Lockport, NY
Territory Mortgage
(716)832-7836
124 Crosby Blvd
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

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