Green Mortgages Ballston Spa 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 Ballston Spa.

Local Companies

Edge Real Estate And Financial Svcs
(518)233-1700
1 Bent Pine Hollow
Clifton Park, NY
Home Mortgage Network
(518)783-6600
930 Albany Shaker Road
LATHAM, NY
Credit One Mortgage CO
(518)371-4002
23 Executive Park Drive
CLIFTON PARK, NY
Aamtrust Mortgage
(518)384-2274
763 Saratoga Road
SCHENECTADY, NY
Century Health Capital Inc
(518) 583-1667
358 Broadway Ste 401
Saratoga Springs, NY
Bank of America - Schenectady
800.432.1000
645 Nott St
Schenectady, NY
Lighthouse Insurance Agency
(518)785-0544
678 Troy Schenectady Road
Latham, NY
Dickson-Realty
(518)883-8661
22 West Main Street
BROADALBIN, NY
Ameriquest Mortgage Company
(518)786-9961
24 Century Hill Drive
LATHAM, NY
Hartford Funding Ltd
(518) 372-3163
322 Ballston Rd
Glenville, 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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