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

Consumer Marketing Services Inc
(518)426-3250
1 Columbia Place
Albany, NY
Accu Data Search
(518)782-0170
621 Columbia Street Extension
Latham, NY
Opteum Financial Services LLC
(518)452-0794
210 Washington Avenue Ext
ALBANY, NY
Carteret Mortgage
(518)374-2366
59 Snake Hill Road
SCHENECTADY, NY
Bank Of America Na Charlotte
(518) 786-3600
579 Troy Schenectady Rd Ste 20
Latham, NY
Citizens Bank - Albany Downtown/Starbucks
518-447-0151
10 North Pearl Street
Albany, NY
Bennett Abstract Corporation
(518)885-4368
Mcmaster
Ballston Spa, NY
Hart Joyce R Insurance Agency
(518)785-7286
301 Old Niskayuna Rd
Latham, NY
Irwin Mortgage
(518)348-4056
21 Corporate Drive
CLIFTON PARK, NY
Capitaland Funding Group LLC
(518)245-6669
100 Saratoga Village Boulevard
BALLSTON SPA, 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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