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

K C S Abstract Corporation
(518)842-9101
9 Mohawk Place
Amsterdam, NY
Edge Real Estate And Financial Svcs
(518)233-1700
1 Bent Pine Hollow
Clifton Park, NY
Carols Abstracting Services Inc
(518)773-1023
207 North Main Street Suite 1
Gloversville, NY
Salvo Title Inc
(518)377-1055
115 Clinton Street
Schenectady, NY
Bank of Richmondville
(518)295-8884
428 Main Street
SCHOHARIE, NY
Citizens Bank - Johnstown
518-762-3117
17 S. Market Street
Johnstown, NY
Central Abstract
(518)371-4926
9 Corporate Drive Suite 3
Clifton Park, NY
Hopmeierevansgage Agency Inc
(518)875-9237
Main Street
Esperance, NY
Sacandaga Abstract Corporation
(518)773-2828
68 Fremont Street
Gloversville, NY
Citifinancial
(518)773-0428
RR 30 Box A
GLOVERSVILLE, NY

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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