Green Mortgages 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 Tonawanda.

Local Companies

Citizens Bank - Maple Road-Amherst / TopsTrans
716-634-4970
2351 Maple Rd
Amherst, NY
Citizens Bank - Mid City Plaza / Tops
716-692-4397
301 Meadow Dr
N Tonawanda, NY
M And M Resources Unlimited
(716)873-5500
30 Military Road
Buffalo, NY
Accu Data Search
(716)438-2575
175 Hawley
Lockport, NY
American General Financial Services
(716)677-0413
1881 Ridge Road
BUFFALO, NY
Citizens Bank - McKinley Pkwy / Tops
716-312-0538
4250 McKinley Pkwy
Hamburg, NY
Citizens Bank - George Urban Plaza
716-681-8902
2040 George Urban Blvd
Depew, NY
Rapid Title Svcs Inc
(716)681-4855
5360 Genesee Street
Bowmansville, NY
Allstate Insurance Annette K. Winder
(716)649-0325
5555 Camp Rd
Hamburg, NY
Banas Mortgage CO Limited
(716)438-0888
27 North Long 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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