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

HSBC Bank
1.800.975.HSBC (4722)
City Hall 805 Main St
Niagara Falls, NY
Walsh Duffield
(716)852-7430
801 Main St
Buffalo, NY
American General Financial Services
716-694-3008
Tonawanda, NY
Citifinancial
(716)831-0014
2800 Sheridan Drive
TONAWANDA, NY
Metlife Bank, National Association
(716) 630-1700
6500 Sheridan Dr Ste 300
Williamsville, NY
HSBC Bank
1.800.975.HSBC (4722)
Our Lady Victory Basilica 703 Ridge Rd
Lackawanna, NY
Citizens Bank - Transit Rd - Depew / Tops
716-683-8624
6363 Transit Rd
Depew, NY
Brown And Brown Inc
(716)626-1247
325 Essjay Rd
Williamsville, NY
Coldwell Banker Boyd & Talarico Real Estate
(716)434-6347
526 South Transit Street
LOCKPORT, NY
Associates Mortgage Company of New York Inc - Tonawanda
(716)447-1678
2167 Sheridan Drive
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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