Green Mortgages Glens Falls 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 Glens Falls.

Local Companies

TD Bank
518-792-1427
99 Main Street
South Glens Falls, NY
U S Note And Mortgage Co Inc
(518)581-2508
18 Lake Avenue
Saratoga Springs, NY
Provantage Funding
(518)884-4033
2254 Route 50 South
SARATOGA SPRINGS, NY
Alliance Mortgage Banking Corporation
(518)583-1177
376 Broadway
SARATOGA SPRINGS, NY
Century Health Capital Inc
(518) 583-1667
358 Broadway Ste 401
Saratoga Springs, NY
Citizens Bank - Saratoga / Wal-Mart
518-583-9170
16 Old Gick Rd
Saratoga Springs, NY
Mc Phillips Insurance
(518)692-2831
124 Main St
Greenwich, NY
Saratoga Funding & Development Co
(518)583-4866
12 Cedarcrest Dr
SARATOGA SPRINGS, NY
Alumni Funding LLC
(518)688-1010
75 Railroad Place
SARATOGA SPRINGS, NY
All Points Home Services
(518)581-9558
398 Broadway
SARATOGA SPRINGS, 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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