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 - Schoolhouse Road
518-464-6440
1516 Western Avenue
Albany, NY
Salvo Title Inc
(518)377-1055
115 Clinton Street
Schenectady, NY
Mortgage Network LLC
(518)348-2860
635 Plank Road
CLIFTON PARK, NY
Fort Orange Funding LLC
(518)446-9629
21 Everett Road Extension
ALBANY, NY
A Choice Funding LLC
(518)373-1980
9 Executive Park Dr
CLIFTON PARK, NY
Citizens Bank - Albany Downtown/Starbucks
518-447-0151
10 North Pearl Street
Albany, NY
Central Abstract
(518)371-4926
9 Corporate Drive Suite 3
Clifton Park, NY
Sunset Mortgage
(518)877-4611
258 Ushers Road Suite 203
CLIFTON PARK, NY
Hudson River Mortgage
(518)389-4100
1973 Western Avenue Suite 9
ALBANY, NY
Citifinancial
(518)783-6894
515 Troy Schenectady Road
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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