Green Mortgages Malone 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 Malone.

Local Companies

Etna Abstract Corporation
(518)483-7204
63 East Main Street
Malone, NY
Marvin Abstracting
(518)483-3994
63 East Main Street
Malone, NY
First National Bank - Northern New York
(518)483-8333
242 West Main Street
MALONE, NY
Beneficial Homeowner Service Corporation
(518)483-4230
Cedar Cmns
MALONE, NY
Liberty Mortgage Realty
(516) 342-9451
133 9th St
Hicksville, NY
Adirondack Title Searching
(518)483-8699
355 West Main Street
Malone, NY
First National Bank Northern New York
(518)483-8333
242 West Main Street
Malone, NY
Seacomm Federal Credit Union
(518)483-7638
43 Finney Boulevard
MALONE, NY
Community Bank NA
(518)483-3400
10 Elm Street
MALONE, NY
Homestead Funding Corp
(518) 483-6275
31 Elm St
Malone, 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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