Green Mortgages Cohoes 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 Cohoes.

Local Companies

Hudson River Bank And Trust Company
(518)432-4274
41 State St
Albany, NY
Allstate Insurance Rick Schrade
(518)475-0123
636 Delaware Ave
Delmar, NY
Lighthouse Insurance Agency
(518)785-0544
678 Troy Schenectady Road
Latham, NY
Ameriquest Mortgage Company
(518)431-6516
7 Southwoods Boulevard
ALBANY, NY
Aamtrust Mortgage
(518)384-2274
763 Saratoga Road
SCHENECTADY, NY
Bank of America - Westmere
800.432.1000
1791 Western Ave
Albany, NY
Lawyers Title Insurance Corporation
(518)885-8700
36 Remsen Street
Ballston Spa, NY
Shaker Abstract Corporation
(518)477-4854
568 Columbia Turnpike Suite 22
East Greenbush, NY
Fleet Bank
(518)477-1222
501 Columbia Tpke
EAST GREENBUSH, NY
Ameriquest Mortgage Company
(518)786-9961
24 Century Hill Drive
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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