Green Mortgages Niagara Falls 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 Niagara Falls.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
City Hall 805 Main St
Niagara Falls, NY
Bank of America - Williamsville South
800.432.1000
5529 Main St
Williamsville, NY
Bank of America - Summit Park
800.432.1000
6947 Williams Rd
Niagara Falls, NY
Associates Mortgage Company Of New York Inc Tonawanda
(716)447-1678
2167 Sheridan Drive
Buffalo, NY
Jamestown Savings Bank
(716)631-8766
4545 Transit Road
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Amherst & Tonawanda St 201 Amherst St
Buffalo, NY
Citizens Bank - Maple Road-Amherst / TopsTrans
716-634-4970
2351 Maple Rd
Amherst, NY
Bank of America - Bailey Delavan
800.432.1000
1171 East Delavan Ave
Buffalo, NY
Bank of America - Delaware-Sheridan
800.432.1000
3588 Delaware Ave
Kenmore, NY
Mccarty Agency
(716)433-1252
8 Market St
Lockport, 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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