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

Citizens Bank - Main / Transit
716-634-5046
6850 Main Street
Williamsville, NY
Jeremiah J. Sheehy Jr. Agency
(716)648-1956
6137 S Park Ave
Hamburg, NY
WNY Mortgage Assistance COR
(716)685-0511
2470 Walden Avenue
BUFFALO, NY
Fleet Private Clients Group
(716)847-4432
10 Fountain Plz
BUFFALO, NY
Cash for Mortgages and Contracts
(716)675-0733
P.O. Box 955
ORCHARD PARK, NY
Citizens Bank - Georgetown Square
716-633-0681
5225 Sheridan Drive
Williamsville, NY
Cesar Insurance Agencies/
(718)893-6341
2959 Genesee St
Cheektowaga, NY
Allstate Insurance Bryan J Ripellino
(716)675-8100
S3346 Southwestern Blvd
Orchard Park, NY
Long Beach Mortgage CO
(716)839-5493
6225 Sheridan Drive Suite 320
BUFFALO, NY
Expert Funding
(716)312-0055
5893 Camp Road
HAMBURG, 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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