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

HSBC Bank
1.800.975.HSBC (4722)
Verdiles Restaurant 600 Second Ave
Troy, NY
Saratoga National Bank And Trust Co
(518)583-6504
91 West Avenue
Saratoga Springs, NY
State One Agency Corp
(518)581-7300
1 West Ave
SARATOGA SPRINGS, NY
Hometown Mortgage
(518)843-5316
4193 State Highway 30
AMSTERDAM, NY
A A Capital Inc
(518)464-9339
20 Pitch Pine Road
ALBANY, NY
Bank of America - Niskayuna
518.382.5877
1757 Union St
Schenectady, NY
Chicago Title Insurance Company Regional Office
(518)436-9711
80 State Street
Albany, NY
Monroe Title Insurance Corporation
(518)346-7453
620 State Street
Schenectady, NY
Hometown Mortgage Corp
(518)842-8500
4193 State Route 30
AMSTERDAM, NY
Fleet Mortgage
(518)447-4300
69 State St
ALBANY, 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.

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