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 - Transit Rd - Depew / Tops
716-683-8624
6363 Transit Rd
Depew, NY
Niagara National Inc
(716)684-6000
2875 Union Rd Apple Tree Business Park
Buffalo, NY
Marrano Marc Equity
(716)684-5346
6 Apple Blossom Boulevard
Lancaster, NY
Beggs Richard C
(716)791-3301
2364 Ridge Road
Ransomville, NY
Associates Mortgage Company of New York Inc - West Seneca
(716)674-4948
1102 Union Road
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Mid-City Plaza 1035 Payne Ave
North Tonawanda, NY
True Remodeling
(716)882-1139
25 Perkins Place
Buffalo, NY
Ticor Title Insurance Co
(716)478-0347
175 Hawley Street
Lockport, NY
Mccarty Agency
(716)433-1252
8 Market St
Lockport, NY
Musarra Management & Investment
(716)856-1617
107 Delaware Avenue Suite 1718
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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