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 - Empire Plaza NY
518-434-4186
Concourse Level
Albany, NY
Bank of America - Glenville
800.432.1000
200 Saratoga Road
Scotia, NY
Accu Data Search
(518)782-0170
621 Columbia Street Extension
Latham, NY
NBT Bank
(518)371-0484
225 Guideboard Road
WATERFORD, NY
Sunmark Federal Credit Union
(518) 382-2597
1187 Troy Schenectady Rd
Latham, NY
Citizens Bank - E. Greenbush / Wal-Mart
518-283-4213
279 Troy Rd
E. Greenbush, NY
Citizens Bank - Schoolhouse Road
518-464-6440
1516 Western Avenue
Albany, NY
Johns And Lee Real Estate Service Llc
(518)281-3484
1471 Route 9 #6
Clifton Park, NY
Allstate Insurancebarton Insurance Agency Inc.
(518)786-3975
623 New Loudon Rd (1 Mi. S Of The Latham Circle)
Latham, NY
Capital Region Funding
(518)218-7500
210 Washington Avenue Ex
ALBANY, 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