Green Mortgages Delmar 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 Delmar.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
Colonie Center/Sand Creek 95 Wolf Rd
Albany, NY
Casswood Insurance Agency
(516)373-8700
58 Clifton Country Rd
Clifton Park, NY
PHH Mortgage
(518)634-2440
598 Route 45
EARLTON, NY
HSBC Mortgage Corporation USA
(518)862-9340
Washington Avenue Extension Pine West
ALBANY, NY
A NY Mortgage LLC
(518)374-3541
415 Sacandaga Road
SCHENECTADY, NY
HSBC Bank
1.800.975.HSBC (4722)
Post Office - City Hall 100 Mohawk St
Cohoes, NY
Bank of America - Westmere
800.432.1000
1791 Western Ave
Albany, NY
Centract Data Corporation
(518)475-7990
20 Brookview Avenue
Delmar, NY
Hudson River Bank & Trust Company
(518)432-4274
41 State St
ALBANY, NY
Bourdeau Financial Inc
(518)783-3825
920 Albany Shaker Rd
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.

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