Green Mortgages Orchard Park 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 Orchard Park.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
Corner Of Hertel & Starin 1726 Hertel Ave
Buffalo, NY
HSBC Bank
1.800.975.HSBC (4722)
Kaufmans Bakery 2635 Main St
Buffalo, NY
Community Bank Na North Collins Office
(716)337-3166
10490 Main
North Collins, NY
Mainstream Funding Network Inc.
(716)565-1500
5586 Main Street
BUFFALO, NY
Syracuse Securities Inc
(716) 632-7674
8600 Main St Ste 2
Williamsville, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Delaware & Mohawk 135 Delaware Ave
Buffalo, NY
HSBC Bank
1.800.975.HSBC (4722)
Delaware & Warren 2853 Delaware Ave
Kenmore, NY
Scott Danahy Naylon
(716)634-2100
300 Spindrift Dr
Amherst, NY
Musarra Management & Investment
(716)856-1617
107 Delaware Avenue Suite 1718
BUFFALO, NY
Anderson Funding Limited
(716)662-8924
3800 North Buffalo Street
ORCHARD PARK, NY

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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