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

Citizens Bank - E. Greenbush / Wal-Mart
518-283-4213
279 Troy Rd
E. Greenbush, NY
Citizens Bank - Slingerlands
518-478-9579
1375 New Scotland Road
Slingerlands, NY
Emortgage Llc
(518)786-0900
6 Century Hill Dr
Latham, NY
Fleet Mortgage
(518)447-4300
69 State St
ALBANY, NY
Dormitory Authority State Of New York
(518) 257-3000
515 Broadway
Albany, NY
Bank of America - Colonie - Wolf Rd
518.459.9003
133 Wolf Rd
Albany, NY
TD Bank
518-438-2006
1256 Central Avenue
Albany, NY
Citizens Bank - Pine Hills
518-489-8953
501 Western Avenue
Albany, NY
Absolute Financial Services
518-355-8305
Schenectady, NY
Affordable Housing Partnership
(518)434-1730
255 Orange Street
ALBANY, 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