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)
Kaufmans Bakery 2635 Main St
Buffalo, NY
Bank of America - Harlem Rd
800.432.1000
3842 Harlem Road Suite 1500
Cheektowaga, NY
Commonwealth Land Title Insurance Company
(716)853-6800
37 Franklin Street Suite 100
Buffalo, NY
Allstate Insurance Bryan J Ripellino
(716)565-0100
442 Evans Rd
Williamsville, NY
Community Advantage Mortgage Assistance Inc
(716)819-1081
1705 Hertel Avenue
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
N. French & Sweethome Rd 665 North French
Amherst, NY
HSBC Bank
1.800.975.HSBC (4722)
Transit Rd Near Casey Rd 6525 Transit Rd
East Amherst, NY
Allstate Insurance Thomas Finn
(716)873-5600
3493 Delaware Avenue
Buffalo, NY
Public Abstract Corporation
(716)855-2517
69 Delaware Avenue Rm 603
Buffalo, NY
HBO Funding Inc
(716)662-2944
4063 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

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