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 - Union Rd/Tops
716-684-6207
3865 Union Rd.
Cheektowaga, NY
Bank of America - Lancaster - Depew
800.432.1000
5091 Broadway
Depew, NY
Public Abstract Corporation
(716)855-2517
69 Delaware Avenue Rm 603
Buffalo, NY
Allstate Insurance Bryan J Ripellino
(716)565-0100
442 Evans Rd
Williamsville, NY
Alexis Funding
(716)632-7674
8600 Main Street Suite 1
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Our Lady Victory Basilica 703 Ridge Rd
Lackawanna, NY
Bank of America - East Aurora
800.432.1000
670 Main St
East Aurora, NY
M And T Bank M And T Mortgage Corporation Rates And Application
(716)848-4848
4564 Main Street
Buffalo, NY
Allstate Insurancethomas Finn Agency
(716)873-9528
3493 Delaware Ave
Kenmore, NY
American Mortgage and Management Consultants
(716)696-3800
345 Franklin Street
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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