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

HSBC Bank
1.800.975.HSBC (4722)
Colonie Center/Sand Creek 95 Wolf Rd
Albany, NY
Worldwide Abstract Service Inc
(518)785-4444
410 Troy Schenectady Road
Latham, NY
Veterans'' Homeownership Corporation
(518)783-9798
9 Herbert Drive
LATHAM, NY
IRIE Holdings Corporation
(518)371-4209
1407 Route 9 Suite 13
CLIFTON PARK, NY
Abetter Mortgage
(518)453-1090
4 Atrium Drive
ALBANY, NY
HSBC Bank
1.800.975.HSBC (4722)
Rpi Student Union 15Th Street & Sage Avenue
Troy, NY
Land Research Solutions Inc
(518)348-6481
661 Plank Rd
Clifton Park, NY
Monroe Title Insurance Corporation
(518)346-7453
620 State Street
Schenectady, NY
NBT Bank - Offices
(518)895-2364
4957 Western Turnpike
DUANESBURG, NY
Conseco Finance Corporation
(518)782-5300
9 Cornell Road
LATHAM, 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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