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

Bank of America - Pine Avenue
800.432.1000
1900 Pine Ave
Niagara Falls, NY
Niagara National Inc
(716)684-6000
2875 Union Rd Apple Tree Business Park
Buffalo, NY
Brown And Brown Inc
(716)626-1247
325 Essjay Rd
Williamsville, NY
Homestead Financial Services Inc
(716)839-5771
4549 Main Street
BUFFALO, NY
American National Mortgage Corporation
(716)856-5626
345 Franklin Street
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
N. French & Sweethome Rd 665 North French
Amherst, NY
Lmh Services
(716)892-6925
P.o. Box 991 Central Park Plaza
Buffalo, NY
Tonawanda Community Federal Credit Union
(716)873-4688
257 Highland Pkwy
Buffalo, NY
Money Place
(716)284-8979
661 Main Street
NIAGARA FALLS, NY
Citifinancial
(716)434-9181
5714 South Transit Road
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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