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

Citizens Bank - Glens Falls
518-792-0971
37 Bay Street
Glens Falls, NY
Glens Falls National Bank And Trust Co Aviation Road Ofc
(518)793-5386
339 Aviation Road
Queensbury, NY
Statewide Mortgage Assistance Co
(518)581-9904
45 Park Pl
SARATOGA SPRINGS, NY
Century Health Capital
(518)583-1667
358 Broadway
SARATOGA SPRINGS, NY
Adirondack Trust
(518)926-7244
24 Maple Street
GLENS FALLS, NY
Citizens Bank - Queensbury/Wal-Mart
518-761-2440
891 Route 9
Queensbury, NY
Maple Abstract And Realty Corporation
(518)792-1807
470 Glen Street
Glens Falls, NY
Carteret Mortgage Co
518-668-9894
Lake George, NY
Preferred Home Funding Inc
(518)581-8003
77 Railroad Pl
SARATOGA SPRINGS, NY
Allied Mortgage Services
(518)581-5500
84 Walworth Street
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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