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

Murdock Abstract Corporation
(518)885-8860
40 Mcmaster Street
Ballston Spa, NY
Worldwide Abstract Service Inc
(518)785-4444
410 Troy Schenectady Road
Latham, NY
Custom Capital Corp Of Scotia
866-444-8896
Scotia, NY
Countrywide Home Loans
(518)786-3600
579 Schenectady Street
SCHENECTADY, NY
Albany Mortgage
(518)435-1129
1 Marcus Boulevard
ALBANY, NY
TD Bank
518-664-5129
5 Park Plaza
Mechanicville, NY
M And T Bank Banking Departments M And T Mortgage Corporation Northway
(518)877-3500
10 Executive Park Drive
Clifton Park, NY
Buchanan And Butler Inc
(518)462-5597
78 Broadway
Rensselaer, NY
Main Line Mortgage
(518)456-1997
251 New Karner Road
ALBANY, NY
Ameriquest Mortgage Company
(518)786-9961
24 Century Hill Drive
LATHAM, 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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