Green Mortgages Plattsburgh 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 Plattsburgh.

Local Companies

Liberty Abstract Company
(518)561-8238
61 Brinkerhoff Street
Plattsburgh, NY
Tupper Lake National Bank Branch Offices
(518)561-6696
519 State Route 3
Plattsburgh, NY
Flagstar Bank
802-864-4664
Burlington, VT
Sun Mortgage
802-651-0514
Burlington, VT
Keybank National Association
(802) 658-1810
149 Bank Street
Burlington, VT
Citizens Bank - Burlington VT
802-951-2479
148 College St
Burlington, VT
M And T Mortgage Corporation
(518)562-5500
178 Broad Street
Plattsburgh, NY
Rivermount Financial Inc
(802)862-9717
31 Rivermount Terrace
Burlington, VT
Citizens Bank - Branch Locations, Shelburne
802-985-9136
Burlington, VT
Glens Falls National Bank & Trust CO - Plattsburgh
(518)561-3101
25 Margaret Street Suite 5
PLATTSBURGH, 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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