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

TD Bank
518-785-8628
1 Old Loudon Road
Latham, NY
Bank of America - Guilderland
800.432.1000
1450 Western Ave
Albany, NY
Clear Financial Solutions
(518)383-9893
1652 Route 9
CLIFTON PARK, NY
American Eagle Mortgage
(518)439-5200
211 Delaware Av
DELMAR, NY
Adirondack Funding Services
(518)347-1757
1380 Wendell Ave
SCHENECTADY, NY
Citizens Bank - Schoolhouse Road
518-464-6440
1516 Western Avenue
Albany, NY
Bank of America - Delaware Ave South
800.432.1000
360 Delaware Ave
Delmar, NY
Consumer Marketing Services Inc
(518)395-9492
510 State Street # 514
Schenectady, NY
Centex Home Equity LLC
(518)427-8402
14 Corporate Woods Boulevard
ALBANY, NY
Albany Molecular Research
(518)257-2013
1 University Place Suite 17
RENSSELAER, 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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