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

Chicago Title Insurance
(716)854-2982
420 Main Street
Buffalo, NY
Musarra Management And Investment
(716)856-1617
107 Delaware Avenue Suite 1718
Buffalo, NY
Mccarty Agency
(716)433-1252
8 Market St
Lockport, NY
Fleet Private Clients Group
(716)847-4432
10 Fountain Plz
BUFFALO, NY
Ameriquest Mortgage Company
(716)633-5822
6265 Sheridan Drive Suite 120
BUFFALO, NY
Citizens Bank - Transit / Losson
716-651-9072
4964 Transit Road
Depew, NY
Gmac Mortgage Corporation
(716)633-9377
6255 Sheridan Dr
Buffalo, NY
Four Corners Abstract
(716)433-5373
175 Hawley Street
Lockport, NY
Homestead Financial Services Inc
(716)839-5771
4549 Main Street
BUFFALO, NY
Coldwell Banker Boyd & Talarico Real Estate
(716)434-6347
526 South Transit Street
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.

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