Green Mortgages Albany 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 Albany.

Local Companies

Citizens Bank - E. Greenbush / Wal-Mart
518-283-4213
279 Troy Rd
E. Greenbush, NY
Bank of America - Delaware Ave South
800.432.1000
360 Delaware Ave
Delmar, NY
Neil Douglas
(518)783-3311
1043 Troy Schenectady Rd
Latham, NY
We Do Tough Loans
(518)687-0025
561 Congress
TROY, NY
eMortgage- LLC
(518)786-0900
6 Century Hill Dr
LATHAM, NY
Citizens Bank - Fifth Ave / Troy
518-272-3611
1818 5th Ave / PO Box 628
Troy, NY
TD Bank
518-347-0526
2301 Nott Street, E
Niskayuna, NY
Global Underwriters
(518)877-8557
313 Ushers Rd
Clifton Park, NY
Michael A. Attanasio Agency
(518)266-0311
235 Pawling Ave
Troy, NY
Mansfield & North Corporation
(518)383-9423
1 Barney Road
CLIFTON PARK, 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