Green Mortgages Gloversville 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 Gloversville.

Local Companies

Bank of America - Amsterdam
800.432.1000
140 Sanford Farms Plaza
Amsterdam, NY
Hopmeierevansgage Agency Inc
(518)875-9237
Main Street
Esperance, NY
Consumer Marketing Services Inc
(518)736-4658
223 East Main Street
Johnstown, NY
Hennessy Cindy Mortgage Broker
(518)684-0158
4809 State Highway 30
AMSTERDAM, NY
City National Bank
(518)773-7911
52 North Main Street
GLOVERSVILLE, NY
Citizens Bank - Johnstown
518-762-3117
17 S. Market Street
Johnstown, NY
Nbt Bank Branches Customer Service And Account Information
(518)842-2123
106 Hannaford Plaza
Amsterdam, NY
Sacandaga Abstract Corporation
(518)773-2828
68 Fremont Street
Gloversville, NY
Armone Lisa Beth-Loan Officer Allied Mortgge Services
518-773-5986
Gloversville, NY
Fulton County Federal Credit Union
(518)725-3191
355 Hales Mills Road
GLOVERSVILLE, 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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