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

Farley Insurance Agency
(518)371-1239
Po Box 4196
Clifton Park, NY
C M N Funding Inc
518-435-1119
Albany, NY
HCI Mortgage
(518)464-4448
621 Columbia Street
COHOES, NY
American General Financial Services
(518)479-1702
501 Columbia Turnpike
EAST GREENBUSH, NY
Cuc Mortgage Corporation
(518) 437-8100
1021 Watervliet Shaker Rd
Albany, NY
Bank of America - Bellevue
800.432.1000
2525 Broadway
Schenectady, NY
Emortgage Llc
(518)786-0900
6 Century Hill Dr
Latham, NY
MEM Financial Solutions
(518)688-2073
1480 Route 9
CLIFTON PARK, NY
Countrywide Home Loans
(518)786-3600
579 Schenectady Street
SCHENECTADY, NY
Metlife Bank, National Association
(518) 220-9243
935 New Loudon Rd
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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