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

Citizens Bank - Capitol Hill
518-436-0811
111 Washington Avenue
Albany, NY
Bank of America - Averill Park
800.432.1000
3049 Route 43
Averill Park, NY
Millennium Insurance Agency
(518)899-6607
70 Thimbleberry Road
Ballston Spa, NY
JDS Mortgage Ltd
(518)664-2442
46 North Main
MECHANICVILLE, NY
Rbs Citizens Na
(518) 432-2274
833 Broadway
Albany, NY
HSBC Bank
1.800.975.HSBC (4722)
1 Mile East Of Suny 899 Western Ave
Albany, NY
Citizens Bank - Saratoga / Wal-Mart
518-583-9170
16 Old Gick Rd
Saratoga Springs, NY
Bank of America - Guilderland
800.432.1000
1450 Western Ave
Albany, NY
Main Line Mortgage
(518)456-1997
251 New Karner Road
ALBANY, NY
Prospect Mortgage Llc
(518) 586-6678
12 Century Hill Dr
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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