Green Mortgages North Tonawanda 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 North Tonawanda.

Local Companies

Citizens Bank - Grand Island / Tops
716-775-3344
2140 Blvd
Grand Island, NY
Public Abstract Corporation
(716)855-2517
69 Delaware Avenue Rm 603
Buffalo, NY
L W Integrity Funding LLC
(716)873-3500
2211 Sheridan Dr
BUFFALO, NY
Fleet Mortgage
(716)847-4151
10 Fountain Plz
BUFFALO, NY
First Niagara
(716)625-7500
6950 South Transit Road
LOCKPORT, NY
Citizens Bank - Niagara Falls Blvd / Tops
716-283-3934
7200 Blvd
Niagara Falls, NY
Bank of America - West Seneca
800.432.1000
4049 Seneca St
West Seneca, NY
Brown And Brown Inc
(716)626-1247
325 Essjay Rd
Williamsville, NY
Jamestown Savings Bank
(716)631-8766
4545 Transit Road
BUFFALO, NY
First Priority Mortgage
(716)651-5626
3830 Union Road
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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