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

Bank of America - Lancaster - Depew
800.432.1000
5091 Broadway
Depew, NY
Paul Bauer Insurance Agcy
(716)773-3901
2634 Baseline Rd
Grand Island, NY
Cornerstone Properties
(716)695-5577
1 Grove
TONAWANDA, NY
American Referral Services
(716)833-8237
217 Norwalk Avenue
BUFFALO, NY
1St Priority Mortgage Inc.
(716) 651-5626
6000 Sheridan Dr
Buffalo, NY
Bank of America - Getzville Plaza
800.432.1000
2305 Millersport Highway
Getzville, NY
Allstate Insurance Alex Chrzanowski
(716)681-9420
5874 Transit Road
Depew, NY
WNY Mortgage Assistance COR
(716)685-0511
2470 Walden Avenue
BUFFALO, NY
Community Advantage Mortgage Assistance Inc
(716)819-1081
1705 Hertel Avenue
BUFFALO, NY
Advisor Mortgage Llc
(716)447-0676
15 La Salle Av
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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