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

Citizens Bank - Burlington VT
802-951-2479
148 College St
Burlington, VT
Denny Blodgett Agency
(802)658-2111
410 Shelburne Rd
Burlington, VT
Ibf Mortgage Corporation
(802)524-3241
54 North Main
Saint Albans, VT
Cco Mortgage Corporation
518-563-1806
Plattsburgh, NY
Adirondack Funding Services
(518)562-0055
30 City Hall Pl
PLATTSBURGH, NY
Citizens Bank - Colchester VT
802-860-1175
73 Prim Road Suite 7
Colchester, VT
Glens Falls National Bank And Trust Co Northway
(518)566-6650
308 Cornelia Street
Plattsburgh, NY
Maple Tree Mortgage
(802)651-1052
196 Battery Street
Burlington, VT
Flagstar Bank
802-864-4664
Burlington, VT
Tupper Lake National Bank - Branch Offices
(518)561-6696
519 State Route 3
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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