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

Bank of America - Latham
800.432.1000
579 Troy-Schenectady Rd
Latham, NY
Amp Abstract And Title Services
(518)783-7127
974 Albany Shaker Road
Latham, NY
LEGG Mason Real Estate Services
(518)220-1100
950 New Loudon Road Suite 240
LATHAM, NY
Bourdeau Financial Inc
(518)783-3825
920 Albany Shaker Rd
LATHAM, NY
Metlife Bank, National Association
(518) 220-9243
935 New Loudon Rd
Latham, NY
Citizens Bank - Glenville / Wal-Mart
518-346-0196
200 Dutch Meadows Lane
East Glenville, NY
Bank of America - Averill Park
800.432.1000
3049 Route 43
Averill Park, NY
USA Liberty Mortgage Corp
(518)382-8170
411 Ballston Rd
SCHENECTADY, NY
Guardian Loan Company of Massapequa Inc
(518)383-5580
100 Clifton Corporate Park
CLIFTON PARK, NY
A A Capital Inc
(518)464-9339
20 Pitch Pine Road
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

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