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

Bank of America - Getzville Plaza
800.432.1000
2305 Millersport Highway
Getzville, NY
Huntmustard Agency Inc
(716)759-8123
9545 Main St
Clarence, NY
Paul Bauer Insurance Agcy
(716)773-3901
2634 Baseline Rd
Grand Island, NY
Public Abstract Corporation
(716)433-7818
55 South Niagara Street
Lockport, NY
L W Integrity Funding LLC
(716)873-3500
2211 Sheridan Dr
BUFFALO, NY
HSBC Bank
1.800.975.HSBC (4722)
Amherst & Tonawanda St 201 Amherst St
Buffalo, NY
Bank of America - Harlem Rd
800.432.1000
3842 Harlem Road Suite 1500
Cheektowaga, NY
Allstate Insurance Annette K. Winder
(716)649-0325
5555 Camp Rd
Hamburg, NY
Kusch Koehler
(716)877-2222
3491 Delaware Ave
Kenmore, NY
Robert Muffler Nationwide Insurance
(716)433-0097
5833 So Transit Rd
Lockport, 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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