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

Bank of America - Rotterdam Plaza
800.432.1000
1428 Altamount Ave
Schenectady, NY
Allstate Insurance John Heiden
(518)399-7000
810 State Route 50 Suite 7
Burnt Hills, NY
Accelerated Title And Settlement
(518)853-1739
2623 State Route 30a
Fonda, NY
Fulton County Federal Credit Union
(518)725-3191
355 Hales Mills Road
GLOVERSVILLE, NY
Community Bank Na
(518) 682-2900
2 Bayberry Dr
Malta, NY
TD Bank
518-347-0526
2301 Nott Street, E
Niskayuna, NY
Bank of America - Five Corners
800.432.1000
345 Princetown Rd
Rotterdam, NY
Edge Real Estate And Financial Svcs
(518)233-1700
1 Bent Pine Hollow
Clifton Park, NY
Murdock Abstract Corporation
(518)370-3418
162 Lafayette Street
Schenectady, NY
Advantage Financial Services Inc
(518)868-2709
123 Industrial Park Lane
CENTRAL BRIDGE, 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