Green Mortgages Clifton Park 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 Clifton Park.

Local Companies

TD Bank
518-785-8628
1 Old Loudon Road
Latham, NY
Allstate Insurance Rick Schrade
(518)475-0123
636 Delaware Ave
Delmar, NY
Mohawk Community Bank
(518)583-4262
115 Ballston Avenue
SARATOGA SPRINGS, NY
Edge Real Estate & Financial SVCS
(518)233-1700
1 Bent Pine Hollow
CLIFTON PARK, NY
Ccfcu Funding Llc
(518) 690-2252
453 New Karner Rd
Albany, NY
Citizens Bank - Rotterdam
518-356-3100
1725 Altamont Ave
Schenectady, NY
Bank of America - 500 State Street
800.432.1000
500 State St
Schenectady, NY
NBT Bank
(518)371-0484
225 Guideboard Road
WATERFORD, NY
Fort Orange Funding LLC
(518)446-9629
21 Everett Road Extension
ALBANY, NY
Bank Of America Na Charlotte
(518) 786-3600
579 Troy Schenectady Rd Ste 20
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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