Green Mortgages Latham 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 Latham.

Local Companies

Millennium Insurance Agency
(518)899-6607
70 Thimbleberry Road
Ballston Spa, NY
Allstate Insurance Farouk Elgidelyahmed
(518)371-3206
1226 Route 146
Clifton Park, NY
Absolute Financial Services
518-355-8305
Schenectady, NY
Citifinancial
(518)783-6894
515 Troy Schenectady Road
LATHAM, NY
Cuc Mortgage Corporation
(518) 437-8100
1021 Watervliet Shaker Rd
Albany, NY
Cornerstone Property Services Llc
(518)464-1800
8 Airline Dr
Albany, NY
All Season Title Agency
(518)348-9900
9 Executive Park Drive
Clifton Park, NY
Allstate Insurancebarton Insurance Agency Inc.
(518)786-3975
623 New Loudon Rd (1 Mi. S Of The Latham Circle)
Latham, NY
Veterans'' Homeownership Corporation
(518)783-9798
9 Herbert Drive
LATHAM, NY
Cateret Mortgage
(518)371-8098
17 Acorn Avenue
CLIFTON PARK, 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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