Green Mortgages Amsterdam 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 Amsterdam.

Local Companies

Hopmeierevansgage Agency Inc
(518)875-9237
Main Street
Esperance, NY
SMC Mortgage CO
(518)371-1085
1406 Route 9
CLIFTON PARK, NY
M & T Bank - Banking Departments- M & T Mortgage Corporation Northway
(518)877-3500
10 Executive Park Drive
CLIFTON PARK, NY
Hometown Mortgage
(518)843-5316
4193 State Highway 30
AMSTERDAM, NY
Cateret Mortgage
(518)371-8098
17 Acorn Avenue
CLIFTON PARK, NY
Central Abstract
(518)371-4926
9 Corporate Drive Suite 3
Clifton Park, NY
USA Liberty Mortgage Corp
(518)382-8170
411 Ballston Rd
SCHENECTADY, NY
Resource One Mortgage
(518)371-8480
400 Clifton Corporate Park
CLIFTON PARK, NY
Irwin Mortgage
(518)348-4056
21 Corporate Drive
CLIFTON PARK, NY
Dickson-Realty
(518)883-8661
22 West Main Street
BROADALBIN, 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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